BE Semiconductor Industries (OTCMKTS:BESIY) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of BE Semiconductor Industries (OTCMKTS:BESIY) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday,Zacks.com reports.

Several other brokerages also recently issued reports on BESIY. Morgan Stanley restated an “overweight” rating on shares of BE Semiconductor Industries in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of BE Semiconductor Industries in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

BE Semiconductor Industries Price Performance

Shares of BESIY opened at $228.67 on Wednesday. The company has a current ratio of 4.74, a quick ratio of 4.17 and a debt-to-equity ratio of 1.11. The company’s fifty day simple moving average is $307.99 and its 200 day simple moving average is $259.74. BE Semiconductor Industries has a 1-year low of $122.81 and a 1-year high of $374.33. The company has a market cap of $16.58 billion, a price-to-earnings ratio of 74.97 and a beta of 1.97.

BE Semiconductor Industries (OTCMKTS:BESIY) last released its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). The business had revenue of $290.52 million during the quarter, compared to analyst estimates of $285.58 million. BE Semiconductor Industries had a net margin of 28.42% and a return on equity of 51.09%. On average, research analysts forecast that BE Semiconductor Industries will post 4.83 earnings per share for the current fiscal year.

BE Semiconductor Industries Company Profile

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.