BE Semiconductor Industries (OTCMKTS:BESIY) Sees Strong Trading Volume – Should You Buy?

BE Semiconductor Industries NV (OTCMKTS:BESIY) shares saw strong trading volume on Tuesday . 8,385 shares changed hands during mid-day trading, a decline of 3% from the previous session’s volume of 8,674 shares.The stock last traded at $202.49 and had previously closed at $202.38.

Analyst Upgrades and Downgrades

BESIY has been the topic of several research analyst reports. Berenberg Bank upgraded shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Zacks Research raised BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of BE Semiconductor Industries in a report on Tuesday, September 8th. 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. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

BE Semiconductor Industries Stock Up 0.5%

The stock has a market cap of $14.75 billion, a price-to-earnings ratio of 66.71 and a beta of 1.99. The business’s fifty day simple moving average is $247.80 and its 200 day simple moving average is $267.66. The company has a current ratio of 4.28, a quick ratio of 3.73 and a debt-to-equity ratio of 0.60.

BE Semiconductor Industries (OTCMKTS:BESIY) last released its quarterly earnings data 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). BE Semiconductor Industries had a return on equity of 46.44% and a net margin of 28.42%.The firm had revenue of $290.52 million for the quarter, compared to the consensus estimate of $285.58 million. 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.