BE Semiconductor Industries (OTCMKTS:BESIY) Shares Gap Down – Here’s What Happened

BE Semiconductor Industries NV (OTCMKTS:BESIY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $256.25, but opened at $246.99. BE Semiconductor Industries shares last traded at $243.40, with a volume of 894 shares.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Zacks Research cut shares of BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Morgan Stanley reiterated an “overweight” rating on shares of BE Semiconductor Industries in a research note on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of BE Semiconductor Industries in a research report on Friday, May 15th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, BE Semiconductor Industries currently has a consensus rating of “Moderate Buy”.

BE Semiconductor Industries Price Performance

The firm has a market cap of $16.93 billion, a P/E ratio of 76.54 and a beta of 1.97. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.74 and a quick ratio of 4.17. The company’s 50-day moving average is $314.36 and its two-hundred day moving average is $258.43.

BE Semiconductor Industries (OTCMKTS:BESIY) last released its earnings results on Thursday, July 23rd. The technology company reported $1.29 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.01). The firm had revenue of $290.52 million during the quarter, compared to the consensus estimate of $285.58 million. BE Semiconductor Industries had a net margin of 28.42% and a return on equity of 51.09%. Sell-side analysts anticipate that BE Semiconductor Industries NV will post 4.45 EPS 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.