BE Semiconductor Industries (OTCMKTS:BESIY) Stock Falls 6.5% – Here’s What Happened

BE Semiconductor Industries NV (OTCMKTS:BESIY)’s share price was down 6.5% during mid-day trading on Friday. The stock traded as low as $163.00 and last traded at $163.78. 13,295 shares changed hands during trading, an increase of 36% from the average daily volume of 9,795 shares. The stock had previously closed at $175.15.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BESIY shares. 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. UBS Group lowered BE Semiconductor Industries from a “buy” rating to a “sell” rating in a research note on Wednesday, October 7th. Zacks Research downgraded shares of BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. Finally, Morgan Stanley reissued an “overweight” rating on shares of BE Semiconductor Industries in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

BE Semiconductor Industries Price Performance

The company has a current ratio of 4.28, a quick ratio of 3.73 and a debt-to-equity ratio of 0.60. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 53.35 and a beta of 1.99. The stock’s fifty day moving average price is $216.45 and its 200-day moving average price is $265.75.

BE Semiconductor Industries (OTCMKTS:BESIY) last posted its earnings results 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 net margin of 28.42% and a return on equity of 46.44%. The company had revenue of $290.52 million during the quarter, compared to analyst estimates of $285.58 million. As a group, equities research analysts forecast that BE Semiconductor Industries NV will post 5.00 earnings per share for the current fiscal 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.