BE Semiconductor Industries (OTCMKTS:BESIY) Shares Down 8.1% – Here’s Why

BE Semiconductor Industries NV (OTCMKTS:BESIY) fell 8.1% on Thursday . The stock traded as low as $170.80 and last traded at $170.80. 2,100 shares were traded during trading, a decline of 29% from the average session volume of 2,943 shares. The stock had previously closed at $185.95.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BESIY shares. Needham & Company LLC upgraded BE Semiconductor Industries to a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of BE Semiconductor Industries in a research note on Wednesday, October 15th. UBS Group reaffirmed a “buy” rating on shares of BE Semiconductor Industries in a research note on Friday, October 24th. Zacks Research upgraded shares of BE Semiconductor Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 14th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of BE Semiconductor Industries in a report on Sunday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

BE Semiconductor Industries Trading Down 8.1%

The firm has a market cap of $12.38 billion, a price-to-earnings ratio of 84.14 and a beta of 1.82. The company has a debt-to-equity ratio of 1.46, a current ratio of 5.75 and a quick ratio of 5.02. The firm’s fifty day moving average is $158.41 and its 200-day moving average is $150.87.

BE Semiconductor Industries (OTCMKTS:BESIY) last posted its quarterly earnings results on Thursday, October 23rd. The technology company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. BE Semiconductor Industries had a return on equity of 33.98% and a net margin of 25.42%.The business had revenue of $154.12 million for the quarter, compared to the consensus estimate of $160.84 million. Equities analysts anticipate that BE Semiconductor Industries NV will post 4.56 earnings per share for the current year.

About BE Semiconductor Industries

BE Semiconductor Industries NV (OTCMKTS:BESIY), commonly known as BESI, is a global supplier of assembly equipment for the semiconductor industry. The company designs, develops and manufactures capital equipment used in the back-end production of semiconductor devices, including die attach, wire bonding and flip chip packaging systems. BESI’s platforms support a wide range of applications from memory and logic chips to advanced power devices and radio-frequency modules, enabling high precision, throughput and yield in device assembly and test processes.

Founded in 1995 and headquartered in Duiven, the Netherlands, BESI went public on Euronext Amsterdam in 1999.