BE Semiconductor Industries (OTCMKTS:BESIY) Hits New 52-Week High – What’s Next?

BE Semiconductor Industries NV (OTCMKTS:BESIY)’s share price reached a new 52-week high on Friday . The stock traded as high as $155.78 and last traded at $155.78, with a volume of 2805 shares changing hands. The stock had previously closed at $149.16.

Analysts Set New Price Targets

Several analysts recently weighed in on BESIY shares. Zacks Research downgraded shares of BE Semiconductor Industries from a “hold” rating to a “strong sell” rating in a report on Monday, September 15th. Kepler Capital Markets upgraded shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 10th. Sanford C. Bernstein started coverage on shares of BE Semiconductor Industries in a report on Tuesday, June 17th. They issued an “outperform” rating for the company. Finally, Barclays downgraded shares of BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, BE Semiconductor Industries has an average rating of “Moderate Buy”.

BE Semiconductor Industries Trading Up 4.4%

The company’s 50 day simple moving average is $138.85 and its 200 day simple moving average is $129.48. The firm has a market cap of $11.30 billion, a price-to-earnings ratio of 67.44 and a beta of 1.86. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.73 and a quick ratio of 5.05.

BE Semiconductor Industries (OTCMKTS:BESIY) last posted its quarterly earnings results on Thursday, July 24th. The technology company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.04). The business had revenue of $173.78 million during the quarter, compared to analyst estimates of $150.33 million. BE Semiconductor Industries had a return on equity of 36.83% and a net margin of 28.10%. As a group, research analysts expect that BE Semiconductor Industries NV will post 4.56 earnings per share for the current fiscal year.

BE Semiconductor Industries Company Profile

BE Semiconductor Industries N.V. engages in the development, manufacture, marketing, sale, and service of semiconductor assembly equipment for the semiconductor and electronics industries in China, the United States, Malaysia, Ireland, Korea, Taiwan, Thailand, Other Asia Pacific and Europe, and internationally.