BE Semiconductor Industries (OTCMKTS:BESIY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of BE Semiconductor Industries NV (OTCMKTS:BESIY) saw strong trading volume on Thursday . 22,239 shares changed hands during mid-day trading, an increase of 224% from the previous session’s volume of 6,865 shares.The stock last traded at $300.78 and had previously closed at $300.87.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BESIY. Morgan Stanley restated an “overweight” rating on shares of BE Semiconductor Industries in a research report on Tuesday, January 13th. Berenberg Bank upgraded shares of BE Semiconductor Industries to a “hold” rating in a research report on Monday, February 23rd. Zacks Research upgraded shares of BE Semiconductor Industries to a “strong-buy” rating in a research report on Thursday, April 23rd. Citigroup restated a “neutral” rating on shares of BE Semiconductor Industries in a research report on Tuesday, January 20th. Finally, Kepler Capital Markets cut shares of BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, BE Semiconductor Industries has an average rating of “Moderate Buy”.

BE Semiconductor Industries Stock Up 4.2%

The company has a market cap of $22.40 billion, a price-to-earnings ratio of 139.78 and a beta of 1.96. The company has a current ratio of 5.55, a quick ratio of 4.88 and a debt-to-equity ratio of 1.22. The firm’s fifty day moving average price is $238.11 and its 200-day moving average price is $197.48.

BE Semiconductor Industries (OTCMKTS:BESIY) last announced its quarterly earnings results on Thursday, April 23rd. The technology company reported $0.76 earnings per share (EPS) 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 company had revenue of $216.51 million during the quarter, compared to analyst estimates of $220.77 million. Sell-side analysts predict that BE Semiconductor Industries NV will post 4.46 earnings per share for the current 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.