BE Semiconductor Industries (OTCMKTS:BESIY) Shares Gap Down – What’s Next?

BE Semiconductor Industries NV (OTCMKTS:BESIY)’s stock price gapped down prior to trading on Tuesday. The stock had previously closed at $177.41, but opened at $168.01. BE Semiconductor Industries shares last traded at $173.7330, with a volume of 528 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. UBS Group lowered shares of BE Semiconductor Industries from a “buy” rating to a “sell” rating in a research note on Wednesday, October 7th. Zacks Research downgraded shares of BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of BE Semiconductor Industries in a report on Tuesday, September 8th. Finally, Berenberg Bank raised shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

BE Semiconductor Industries Trading Down 1.5%

The business has a 50 day simple moving average of $221.80 and a two-hundred day simple moving average of $266.68. The company has a current ratio of 4.28, a quick ratio of 3.73 and a debt-to-equity ratio of 0.60. The stock has a market cap of $12.67 billion, a price-to-earnings ratio of 57.29 and a beta of 1.99.

BE Semiconductor Industries (OTCMKTS:BESIY) last posted its quarterly earnings data 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). 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 for the quarter, compared to analysts’ expectations of $285.58 million. As a group, equities analysts anticipate that BE Semiconductor Industries NV will post 4.83 EPS for the current year.

BE Semiconductor Industries Company Profile

BE Semiconductor Industries N.V. (BESI) is a Netherlands-based manufacturer of semiconductor assembly equipment. The company develops and supplies systems used to package semiconductor devices after wafer fabrication, helping customers assemble, connect, protect and test chips for use in electronic products.

BESI’s product portfolio includes die-attach equipment, packaging systems, molding equipment and singulation systems. Its technologies support applications such as advanced semiconductor packaging, flip-chip assembly, thermo-compression bonding and hybrid bonding, which are used in products requiring higher performance, smaller dimensions and improved power efficiency.

Founded in 1995 and headquartered in Duiven, the Netherlands, BESI serves semiconductor manufacturers and assembly and test providers worldwide.