BE Semiconductor Industries (OTCMKTS:BESIY) Reaches New 12-Month High – What’s Next?

Shares of BE Semiconductor Industries NV (OTCMKTS:BESIY) reached a new 52-week high on Wednesday . The company traded as high as $335.27 and last traded at $334.88, with a volume of 11606 shares. The stock had previously closed at $315.10.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BESIY. Zacks Research upgraded BE Semiconductor Industries to a “strong-buy” rating in a research report on Thursday, April 23rd. Morgan Stanley restated an “overweight” rating on shares of BE Semiconductor Industries in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BE Semiconductor Industries in a research report on Friday, May 15th. Finally, Berenberg Bank upgraded BE Semiconductor Industries to a “hold” rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, BE Semiconductor Industries has a consensus rating of “Moderate Buy”.

BE Semiconductor Industries Stock Up 6.3%

The business has a fifty day moving average of $263.42 and a 200 day moving average of $210.41. The firm has a market cap of $24.28 billion, a P/E ratio of 151.53 and a beta of 1.96. The company has a quick ratio of 4.17, a current ratio of 4.74 and a debt-to-equity ratio of 1.11.

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, meeting analysts’ consensus estimates of $0.76. The business had revenue of $216.51 million during the quarter, compared to the consensus estimate of $220.77 million. BE Semiconductor Industries had a return on equity of 38.42% and a net margin of 24.02%. On average, equities research analysts predict that BE Semiconductor Industries NV will post 4.46 EPS 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.