BE Semiconductor Industries (OTCMKTS:BESIY) Shares Gap Down – Here’s What Happened

BE Semiconductor Industries NV (OTCMKTS:BESIY) gapped down before the market opened on Tuesday. The stock had previously closed at $177.41, but opened at $168.01. BE Semiconductor Industries shares last traded at $173.7330, with a volume of 528 shares.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BESIY. Morgan Stanley reissued an “overweight” rating on shares of BE Semiconductor Industries in a research report on Tuesday, September 8th. UBS Group lowered shares of BE Semiconductor Industries from a “buy” rating to a “sell” rating in a research report on Wednesday, October 7th. Zacks Research cut shares of BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 25th. Finally, Berenberg Bank raised shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

BE Semiconductor Industries Price Performance

The company has a 50-day moving average of $218.38 and a two-hundred day moving average of $266.09. The stock has a market capitalization of $13.34 billion, a PE ratio of 60.33 and a beta of 1.99. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.28 and a quick ratio of 3.73.

BE Semiconductor Industries (OTCMKTS:BESIY) last issued its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). The business had revenue of $290.52 million during the quarter, compared to analyst estimates of $285.58 million. BE Semiconductor Industries had a return on equity of 46.44% and a net margin of 28.42%. Sell-side analysts predict that BE Semiconductor Industries NV will post 5.00 EPS for the current fiscal year.

About BE Semiconductor Industries

BE Semiconductor Industries N.V. (BESI) is a Netherlands-based manufacturer of semiconductor assembly equipment. The company develops and supplies systems used to package semiconductor devices after wafer fabrication, helping customers assemble, connect, protect and test chips for use in electronic products.

BESI’s product portfolio includes die-attach equipment, packaging systems, molding equipment and singulation systems. Its technologies support applications such as advanced semiconductor packaging, flip-chip assembly, thermo-compression bonding and hybrid bonding, which are used in products requiring higher performance, smaller dimensions and improved power efficiency.

Founded in 1995 and headquartered in Duiven, the Netherlands, BESI serves semiconductor manufacturers and assembly and test providers worldwide.