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

BE Semiconductor Industries NV (OTCMKTS:BESIY) shares 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 traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BESIY shares. Berenberg Bank raised shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Morgan Stanley reaffirmed an “overweight” rating on shares of BE Semiconductor Industries in a report on Tuesday, September 8th. Finally, Zacks Research upgraded BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, BE Semiconductor Industries currently has a consensus rating of “Buy”.

BE Semiconductor Industries Stock Performance

The stock has a fifty day moving average price of $249.61 and a two-hundred day moving average price of $267.87. The company has a market cap of $14.70 billion, a P/E ratio of 66.45 and a beta of 1.99. 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 data on Thursday, July 23rd. The technology company reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). BE Semiconductor Industries had a return on equity of 46.44% and a net margin of 28.42%.The business had revenue of $290.52 million during the quarter, compared to the consensus estimate of $285.58 million. On average, equities analysts forecast 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.