BE Semiconductor Industries (OTCMKTS:BESIY) Shares Gap Down – Should You Sell?

BE Semiconductor Industries NV (OTCMKTS:BESIY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $368.69, but opened at $330.50. BE Semiconductor Industries shares last traded at $330.69, with a volume of 565 shares traded.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Morgan Stanley restated an “overweight” rating on shares of BE Semiconductor Industries in a research note on Tuesday, May 19th. Zacks Research raised shares of BE Semiconductor Industries to a “strong-buy” rating in a research report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BE Semiconductor Industries in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

BE Semiconductor Industries Price Performance

The company has a debt-to-equity ratio of 1.11, a current ratio of 4.74 and a quick ratio of 4.17. The company has a market capitalization of $24.08 billion, a PE ratio of 150.26 and a beta of 1.97. The firm has a 50-day moving average of $312.51 and a 200 day moving average of $237.31.

BE Semiconductor Industries (OTCMKTS:BESIY) last released its quarterly earnings data on Thursday, April 23rd. The technology company reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. BE Semiconductor Industries had a return on equity of 38.42% and a net margin of 24.02%.The company had revenue of $216.51 million during the quarter, compared to the consensus estimate of $220.77 million. As a group, research analysts anticipate that BE Semiconductor Industries NV will post 4.45 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.