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

Shares of BE Semiconductor Industries NV (OTCMKTS:BESIY) gapped down before the market opened on Monday . The stock had previously closed at $256.25, but opened at $246.99. BE Semiconductor Industries shares last traded at $243.40, with a volume of 894 shares trading hands.

Wall Street Analysts Forecast Growth

BESIY has been the topic of several recent research reports. Zacks Research cut shares of BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Morgan Stanley reiterated an “overweight” rating on shares of BE Semiconductor Industries in a research report on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of BE Semiconductor Industries in a research note on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

BE Semiconductor Industries Stock Performance

The company has a current ratio of 4.74, a quick ratio of 4.17 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $16.40 billion, a PE ratio of 74.16 and a beta of 1.97. The firm’s 50-day simple moving average is $311.65 and its 200-day simple moving average is $259.05.

BE Semiconductor Industries (OTCMKTS:BESIY) last announced its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.29 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.01). The firm had revenue of $290.52 million for the quarter, compared to analysts’ expectations of $285.58 million. BE Semiconductor Industries had a net margin of 28.42% and a return on equity of 51.09%. On average, research analysts predict that BE Semiconductor Industries NV will post 4.45 earnings per share for the current 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.