BE Semiconductor Industries (OTCMKTS:BESIY) Sees Strong Trading Volume – Here’s Why

Shares of BE Semiconductor Industries NV (OTCMKTS:BESIY) saw unusually-high trading volume on Thursday. 22,282 shares traded hands during mid-day trading, an increase of 131% from the previous session’s volume of 9,657 shares. The stock last traded at $176.11 and had previously closed at $184.00.

Analysts Set New Price Targets

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

BE Semiconductor Industries Stock Performance

The company has a quick ratio of 3.73, a current ratio of 4.28 and a debt-to-equity ratio of 0.60. The stock has a fifty day simple moving average of $218.38 and a 200-day simple moving average of $266.09. The company has a market capitalization of $12.70 billion, a P/E ratio of 57.43 and a beta of 1.99.

BE Semiconductor Industries (OTCMKTS:BESIY) last posted its earnings results 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). The firm had revenue of $290.52 million during the quarter, compared to the consensus estimate of $285.58 million. BE Semiconductor Industries had a return on equity of 46.44% and a net margin of 28.42%. Equities analysts forecast that BE Semiconductor Industries NV will post 5.00 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.