BE Semiconductor Industries (OTCMKTS:BESIY) Upgraded by Berenberg Bank to Strong-Buy Rating

BE Semiconductor Industries (OTCMKTS:BESIY) was upgraded by investment analysts at Berenberg Bank from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Several other analysts also recently weighed in on BESIY. Morgan Stanley restated an “overweight” rating on shares of BE Semiconductor Industries in a research note on Tuesday, May 19th. Zacks Research raised shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BE Semiconductor Industries in a report on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy”.

BE Semiconductor Industries Stock Performance

Shares of BESIY opened at $253.94 on Tuesday. The firm has a fifty day moving average of $303.02 and a 200-day moving average of $260.75. The company has a market cap of $18.41 billion, a price-to-earnings ratio of 83.26 and a beta of 2.01. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.17 and a current ratio of 4.74. BE Semiconductor Industries has a 1 year low of $122.81 and a 1 year high of $374.33.

BE Semiconductor Industries (OTCMKTS:BESIY) last issued its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). The business 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 51.09%. As a group, equities analysts anticipate that BE Semiconductor Industries will post 4.83 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.