BE Semiconductor Industries (OTCMKTS:BESIY) Shares Gap Down – Here’s Why

BE Semiconductor Industries NV (OTCMKTS:BESIY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $218.83, but opened at $201.51. BE Semiconductor Industries shares last traded at $201.7887, with a volume of 820 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BESIY shares. Berenberg Bank upgraded shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Zacks Research upgraded BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Finally, Morgan Stanley restated an “overweight” rating on shares of BE Semiconductor Industries in a research note on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

BE Semiconductor Industries Price Performance

The company has a market capitalization of $14.74 billion, a PE ratio of 66.66 and a beta of 1.99. 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 firm’s 50-day moving average is $246.32 and its 200-day moving average is $267.43.

BE Semiconductor Industries (OTCMKTS:BESIY) last issued its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.01). The firm had revenue of $290.52 million for the quarter, compared to the consensus estimate of $285.58 million. BE Semiconductor Industries had a return on equity of 46.44% and a net margin of 28.42%. Equities analysts predict that BE Semiconductor Industries NV will post 4.83 earnings per share for the current fiscal year.

About BE Semiconductor Industries

BE Semiconductor Industries N.V. (BESI) is a Netherlands-based semiconductor equipment manufacturer that develops, produces and markets systems used in the assembly and packaging of semiconductor devices. Its equipment is used by semiconductor manufacturers and outsourced semiconductor assembly and test providers to connect, protect and package semiconductor components after wafer fabrication.

The company’s product portfolio includes die-attach systems, packaging equipment and related solutions for advanced semiconductor applications.