BE Semiconductor Industries (OTCMKTS:BESIY) Trading Down 8.1% – Should You Sell?

BE Semiconductor Industries NV (OTCMKTS:BESIY) dropped 8.1% on Thursday . The stock traded as low as $170.80 and last traded at $170.80. Approximately 2,100 shares were traded during trading, a decline of 29% from the average daily volume of 2,943 shares. The stock had previously closed at $185.95.

Wall Street Analyst Weigh In

BESIY has been the topic of a number of research reports. Zacks Research upgraded BE Semiconductor Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of BE Semiconductor Industries in a research report on Wednesday, October 15th. Needham & Company LLC upgraded shares of BE Semiconductor Industries to a “buy” rating in a report on Tuesday. UBS Group reiterated a “buy” rating on shares of BE Semiconductor Industries in a research report on Friday, October 24th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of BE Semiconductor Industries in a report on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

BE Semiconductor Industries Trading Down 8.1%

The company has a market cap of $12.38 billion, a price-to-earnings ratio of 84.14 and a beta of 1.82. The company has a current ratio of 5.75, a quick ratio of 5.02 and a debt-to-equity ratio of 1.46. The business’s 50 day moving average price is $158.41 and its 200-day moving average price is $150.87.

BE Semiconductor Industries (OTCMKTS:BESIY) last issued its quarterly earnings data on Thursday, October 23rd. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. BE Semiconductor Industries had a net margin of 25.42% and a return on equity of 33.98%. The firm had revenue of $154.12 million during the quarter, compared to the consensus estimate of $160.84 million. On average, equities analysts anticipate that BE Semiconductor Industries NV will post 4.56 EPS 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.