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

BE Semiconductor Industries NV (OTCMKTS:BESIY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $243.00, but opened at $232.57. BE Semiconductor Industries shares last traded at $229.42, with a volume of 2,215 shares traded.

Analyst Upgrades and Downgrades

BESIY has been the topic of a number of research reports. Zacks Research raised shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of BE Semiconductor Industries in a research note on Friday, May 15th. Berenberg Bank raised BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of BE Semiconductor Industries in a research report on Tuesday, May 19th. Two research 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

BE Semiconductor Industries Stock Down 4.6%

The stock has a 50 day simple moving average of $280.77 and a 200-day simple moving average of $266.23. The firm has a market cap of $16.81 billion, a PE ratio of 76.03 and a beta of 2.01. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.28 and a quick ratio of 3.73.

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