BE Semiconductor Industries (OTCMKTS:BESIY) Sees Large Volume Increase – Still a Buy?

BE Semiconductor Industries NV (OTCMKTS:BESIY) saw unusually-high trading volume on Tuesday . 8,385 shares were traded during trading, a decline of 3% from the previous session’s volume of 8,674 shares.The stock last traded at $202.49 and had previously closed at $202.38.

Analysts Set New Price Targets

A number of equities analysts recently commented on BESIY shares. Berenberg Bank raised BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Zacks Research raised BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Finally, Morgan Stanley restated an “overweight” rating on shares of BE Semiconductor Industries in a research report on Tuesday, September 8th. 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. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

BE Semiconductor Industries Price Performance

The firm’s fifty day moving average price is $244.80 and its 200 day moving average price is $267.29. 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 stock has a market cap of $14.75 billion, a PE ratio of 66.68 and a beta of 1.99.

BE Semiconductor Industries (OTCMKTS:BESIY) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $285.58 million. BE Semiconductor Industries had a net margin of 28.42% and a return on equity of 46.44%. As a group, equities analysts expect that BE Semiconductor Industries NV will post 4.83 EPS for the current fiscal year.

BE Semiconductor Industries Company Profile

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.