BE Semiconductor Industries (OTCMKTS:BESIY) Raised to Strong-Buy at Zacks Research

BE Semiconductor Industries (OTCMKTS:BESIY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley reissued an “overweight” rating on shares of BE Semiconductor Industries in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of BE Semiconductor Industries in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, BE Semiconductor Industries presently has a consensus rating of “Moderate Buy”.

BE Semiconductor Industries Price Performance

BESIY opened at $228.67 on Wednesday. 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 stock has a market capitalization of $16.58 billion, a P/E ratio of 74.97 and a beta of 1.97. The company’s 50 day simple moving average is $307.99 and its 200-day simple moving average is $259.74. BE Semiconductor Industries has a one year low of $122.81 and a one year high of $374.33.

BE Semiconductor Industries (OTCMKTS:BESIY) last posted its quarterly earnings data 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). BE Semiconductor Industries had a return on equity of 51.09% and a net margin of 28.42%.The company had revenue of $290.52 million during the quarter, compared to the consensus estimate of $285.58 million. Sell-side analysts anticipate that BE Semiconductor Industries will post 4.83 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.