BE Semiconductor Industries (OTCMKTS:BESIY) Hits New 52-Week High – Still a Buy?

Shares of BE Semiconductor Industries NV (OTCMKTS:BESIY) hit a new 52-week high during trading on Wednesday . The stock traded as high as $195.07 and last traded at $192.00, with a volume of 1218 shares. The stock had previously closed at $189.9450.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. UBS Group restated a “buy” rating on shares of BE Semiconductor Industries in a research note on Friday, October 24th. Sanford C. Bernstein reissued an “outperform” rating on shares of BE Semiconductor Industries in a research note on Sunday, January 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BE Semiconductor Industries in a research note on Wednesday, October 15th. Needham & Company LLC raised BE Semiconductor Industries to a “buy” rating in a report on Tuesday, January 6th. Finally, Morgan Stanley reissued an “overweight” rating on shares of BE Semiconductor Industries in a report on Tuesday. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

BE Semiconductor Industries Trading Up 5.2%

The company has a debt-to-equity ratio of 1.46, a current ratio of 5.75 and a quick ratio of 5.02. The stock’s 50-day simple moving average is $160.90 and its 200 day simple moving average is $152.46.

BE Semiconductor Industries (OTCMKTS:BESIY) last posted its earnings results on Thursday, October 23rd. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. The company had revenue of $154.12 million during the quarter, compared to analysts’ expectations of $160.84 million. BE Semiconductor Industries had a net margin of 25.42% and a return on equity of 33.98%. Research analysts predict that BE Semiconductor Industries NV will post 4.56 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.