BE Semiconductor Industries (OTCMKTS:BESIY) Sees Strong Trading Volume – What’s Next?

BE Semiconductor Industries NV (OTCMKTS:BESIY) saw strong trading volume on Wednesday . 26,691 shares changed hands during trading, an increase of 228% from the previous session’s volume of 8,144 shares.The stock last traded at $267.8610 and had previously closed at $261.11.

Wall Street Analysts Forecast Growth

Several analysts have commented on BESIY shares. Zacks Research upgraded shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BE Semiconductor Industries in a research report on Friday, May 15th. Berenberg Bank raised BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of BE Semiconductor Industries in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

BE Semiconductor Industries Price Performance

The company has a market cap of $19.47 billion, a P/E ratio of 88.02 and a beta of 2.00. The firm’s 50-day moving average is $295.42 and its two-hundred day moving average is $262.58. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.28 and a quick ratio of 3.73.

BE Semiconductor Industries (OTCMKTS:BESIY) last issued its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $290.52 million during the quarter, compared to analysts’ expectations of $285.58 million. Analysts anticipate that BE Semiconductor Industries NV will post 4.83 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.