Short Interest in BE Semiconductor Industries NV (OTCMKTS:BESIY) Decreases By 41.8%

BE Semiconductor Industries NV (OTCMKTS:BESIY) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 2,411 shares, a decline of 41.8% from the July 30th total of 4,143 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 16,164 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

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

BE Semiconductor Industries Price Performance

Shares of BESIY opened at $226.89 on Tuesday. The business’s 50-day moving average is $267.38 and its two-hundred day moving average is $267.38. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.73 and a current ratio of 4.28. The company has a market capitalization of $16.45 billion, a P/E ratio of 74.39 and a beta of 2.01. BE Semiconductor Industries has a fifty-two week low of $122.81 and a fifty-two week high of $374.33.

BE Semiconductor Industries (OTCMKTS:BESIY) last released its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.29 EPS for the quarter, missing the consensus estimate 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 company had revenue of $290.52 million during the quarter, compared to analysts’ expectations of $285.58 million. Research analysts predict that BE Semiconductor Industries will post 4.83 earnings per share for the current 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.