BE Semiconductor Industries (OTCMKTS:BESIY) Shares Gap Up – Still a Buy?

BE Semiconductor Industries NV (OTCMKTS:BESIY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $203.3250, but opened at $211.33. BE Semiconductor Industries shares last traded at $207.19, with a volume of 149 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have commented on BESIY. 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. Berenberg Bank raised shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, Morgan Stanley reissued an “overweight” rating on shares of BE Semiconductor Industries in a research note on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

BE Semiconductor Industries Stock Up 1.9%

The stock’s fifty day moving average price is $246.32 and its 200-day moving average price is $267.43. 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 company has a market capitalization of $15.03 billion, a price-to-earnings ratio of 67.95 and a beta of 1.99.

BE Semiconductor Industries (OTCMKTS:BESIY) last announced 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). The company had revenue of $290.52 million during the quarter, compared to the consensus estimate of $285.58 million. BE Semiconductor Industries had a net margin of 28.42% and a return on equity of 46.44%. On average, sell-side analysts predict 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.