BE Semiconductor Industries (OTCMKTS:BESIY) Stock Jumps 7.1% – Here’s Why

BE Semiconductor Industries NV (OTCMKTS:BESIY)’s stock price traded up 7.1% during mid-day trading on Friday. The company traded as high as $232.14 and last traded at $232.08. Approximately 1,187 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 8,970 shares. The stock had previously closed at $216.69.

Analyst Upgrades and Downgrades

BESIY has been the subject of several recent analyst reports. Berenberg Bank raised BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Morgan Stanley reissued an “overweight” rating on shares of BE Semiconductor Industries in a research note on Tuesday, September 8th. Finally, Zacks Research cut BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

BE Semiconductor Industries Trading Up 6.1%

The company has a quick ratio of 3.73, a current ratio of 4.28 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $16.68 billion, a P/E ratio of 75.41 and a beta of 2.00. The firm’s 50 day simple moving average is $231.80 and its two-hundred day simple moving average is $267.83.

BE Semiconductor Industries (OTCMKTS:BESIY) last announced its quarterly earnings data 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). The company had revenue of $290.52 million for the quarter, compared to analyst estimates of $285.58 million. BE Semiconductor Industries had a net margin of 28.42% and a return on equity of 46.44%. As a group, 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 N.V. (Besi) is a Netherlands-based manufacturer of semiconductor assembly equipment. The company develops and supplies systems used to assemble, package, and finish semiconductor devices after wafer fabrication.

Besi’s product portfolio includes die-attach equipment, packaging systems, molding and singulation equipment, plating systems, and related solutions for advanced semiconductor packaging. Its technologies support applications such as flip-chip, wafer-level packaging, thermo-compression bonding, and hybrid bonding, which are used in electronics, communications, automotive, computing, and other semiconductor markets.

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