BE Semiconductor Industries (OTCMKTS:BESIY) Sees Large Volume Increase – Here’s What Happened

BE Semiconductor Industries NV (OTCMKTS:BESIY) saw strong trading volume on Monday . Approximately 12,386 shares changed hands during trading, an increase of 63% from the previous session’s volume of 7,592 shares.The stock last traded at $255.56 and had previously closed at $258.33.

Analysts Set New Price Targets

Several brokerages have recently commented on BESIY. Zacks Research downgraded shares of BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of BE Semiconductor Industries in a research note on Friday, May 15th. Finally, Morgan Stanley reissued an “overweight” rating on shares of BE Semiconductor Industries in a research report on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

BE Semiconductor Industries Stock Down 1.2%

The firm has a market capitalization of $18.50 billion, a P/E ratio of 115.45 and a beta of 1.97. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.17 and a current ratio of 4.74. The stock has a 50 day moving average of $318.24 and a 200-day moving average of $254.88.

BE Semiconductor Industries (OTCMKTS:BESIY) last released its quarterly earnings data on Thursday, April 23rd. The technology company reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. The company had revenue of $216.51 million during the quarter, compared to the consensus estimate of $220.77 million. BE Semiconductor Industries had a net margin of 24.02% and a return on equity of 38.42%. Research analysts predict that BE Semiconductor Industries NV will post 4.45 earnings per share for the current fiscal 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.