BE Semiconductor Industries (OTCMKTS:BESIY) Shares Gap Up Following Analyst Upgrade

BE Semiconductor Industries NV (OTCMKTS:BESIY)’s share price gapped up before the market opened on Friday after Zacks Research upgraded the stock to a strong-buy rating. The stock had previously closed at $282.60, but opened at $301.0268. BE Semiconductor Industries shares last traded at $299.96, with a volume of 2,607 shares.

Several other brokerages also recently commented on BESIY. Citigroup reissued a “neutral” rating on shares of BE Semiconductor Industries in a report on Tuesday, January 20th. Needham & Company LLC raised shares of BE Semiconductor Industries to a “buy” rating in a report on Tuesday, January 6th. Berenberg Bank upgraded BE Semiconductor Industries to a “hold” rating in a research report on Monday, February 23rd. Sanford C. Bernstein reissued an “outperform” rating on shares of BE Semiconductor Industries in a research note on Sunday, January 4th. Finally, Kepler Capital Markets cut BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

BE Semiconductor Industries Stock Up 5.7%

The stock’s fifty day moving average price is $228.12 and its 200 day moving average price is $191.17. The stock has a market cap of $21.62 billion, a P/E ratio of 134.89 and a beta of 1.78. The company has a current ratio of 5.55, a quick ratio of 4.88 and a debt-to-equity ratio of 1.22.

BE Semiconductor Industries (OTCMKTS:BESIY) last posted its quarterly earnings data on Thursday, April 23rd. The technology company reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76. BE Semiconductor Industries had a net margin of 24.02% and a return on equity of 40.69%. The firm had revenue of $216.51 million for the quarter, compared to analysts’ expectations of $220.77 million. As a group, research analysts forecast that BE Semiconductor Industries NV will post 4.09 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.