BE Semiconductor Industries NV (OTCMKTS:BESIY) Stock Short Interest Declines 52.3%

BE Semiconductor Industries NV (OTCMKTS:BESIY) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 480 shares, a decrease of 52.3% from the September 15th total of 1,006 shares. Based on an average trading volume of 24,109 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

BESIY has been the subject of several analyst reports. UBS Group lowered shares of BE Semiconductor Industries from a “buy” rating to a “sell” rating in a report on Wednesday, October 7th. Morgan Stanley reiterated an “overweight” rating on shares of BE Semiconductor Industries in a report on Tuesday, September 8th. 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. Finally, Zacks Research lowered shares of BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

BE Semiconductor Industries Price Performance

Shares of BESIY stock opened at $194.16 on Wednesday. BE Semiconductor Industries has a 52-week low of $140.07 and a 52-week high of $374.33. 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 firm has a market capitalization of $14.08 billion, a P/E ratio of 63.66 and a beta of 1.99. The stock has a 50 day moving average price of $227.41 and a 200 day moving average price of $267.37.

BE Semiconductor Industries (OTCMKTS:BESIY) last posted 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 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, sell-side 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 N.V. (Besi) is a Netherlands-based manufacturer of semiconductor assembly equipment. The company develops and supplies systems used to assemble, package, and finish semiconductor devices after wafer fabrication.

Besi’s product portfolio includes die-attach equipment, packaging systems, molding and singulation equipment, plating systems, and related solutions for advanced semiconductor packaging. Its technologies support applications such as flip-chip, wafer-level packaging, thermo-compression bonding, and hybrid bonding, which are used in electronics, communications, automotive, computing, and other semiconductor markets.

Founded in 1995 and headquartered in Duiven, the Netherlands, Besi serves semiconductor manufacturers and assembly and test providers worldwide.