BE Semiconductor Industries (OTCMKTS:BESIY) Shares Gap Down – Time to Sell?

Shares of BE Semiconductor Industries NV (OTCMKTS:BESIY) gapped down before the market opened on Tuesday . The stock had previously closed at $243.00, but opened at $232.57. BE Semiconductor Industries shares last traded at $229.42, with a volume of 2,215 shares.

Analysts Set New Price Targets

BESIY has been the subject of several research analyst reports. Zacks Research upgraded BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of BE Semiconductor Industries in a research note on Tuesday, May 19th. Berenberg Bank upgraded shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of BE Semiconductor Industries in a research note on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

BE Semiconductor Industries Stock Down 4.2%

The firm has a market capitalization of $16.17 billion, a PE ratio of 73.11 and a beta of 2.00. The firm’s 50-day moving average is $275.85 and its 200 day moving average is $266.81. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.73 and a current ratio of 4.28.

BE Semiconductor Industries (OTCMKTS:BESIY) last posted its earnings results on Thursday, July 23rd. The technology company reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.01). BE Semiconductor Industries had a net margin of 28.42% and a return on equity of 46.44%. The business had revenue of $290.52 million for the quarter, compared to analysts’ expectations of $285.58 million. As a group, research analysts forecast that BE Semiconductor Industries NV will post 4.83 earnings per share for the current fiscal year.

BE Semiconductor Industries Company Profile

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.