BE Semiconductor Industries (OTCMKTS:BESIY) Upgraded at Zacks Research

Zacks Research upgraded shares of BE Semiconductor Industries (OTCMKTS:BESIY) to a strong-buy rating in a research report released on Thursday,Zacks.com reports.

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

BE Semiconductor Industries Price Performance

Shares of BESIY stock opened at $298.10 on Thursday. The company has a quick ratio of 4.88, a current ratio of 5.55 and a debt-to-equity ratio of 1.22. BE Semiconductor Industries has a twelve month low of $106.35 and a twelve month high of $301.03. The company has a market cap of $21.62 billion, a P/E ratio of 134.89 and a beta of 1.78. The business has a fifty day simple moving average of $228.12 and a 200 day simple moving average of $191.17.

BE Semiconductor Industries (OTCMKTS:BESIY) last announced its quarterly earnings data on Thursday, April 23rd. The technology company reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. BE Semiconductor Industries had a return on equity of 40.69% and a net margin of 24.02%.The business had revenue of $216.51 million during the quarter, compared to the consensus estimate of $220.77 million. On average, sell-side analysts forecast that BE Semiconductor Industries will post 4.09 EPS for the current fiscal 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.