BE Semiconductor Industries (OTCMKTS:BESIY) Shares Gap Up – Here’s Why

BE Semiconductor Industries NV (OTCMKTS:BESIY) gapped up prior to trading on Monday . The stock had previously closed at $144.1740, but opened at $151.29. BE Semiconductor Industries shares last traded at $151.29, with a volume of 222 shares.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Zacks Research raised BE Semiconductor Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. UBS Group restated a “buy” rating on shares of BE Semiconductor Industries in a research report on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of BE Semiconductor Industries in a research note on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, BE Semiconductor Industries currently has a consensus rating of “Moderate Buy”.

BE Semiconductor Industries Stock Performance

The company has a debt-to-equity ratio of 1.46, a quick ratio of 5.02 and a current ratio of 5.75. The company has a market cap of $11.01 billion, a PE ratio of 74.82 and a beta of 1.84. The business’s 50-day moving average is $158.82 and its 200 day moving average is $145.06.

BE Semiconductor Industries (OTCMKTS:BESIY) last announced its quarterly earnings data 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 firm had revenue of $154.12 million for the quarter, compared to analysts’ expectations of $160.84 million. BE Semiconductor Industries had a return on equity of 33.98% and a net margin of 25.42%. On average, equities research analysts predict that BE Semiconductor Industries NV will post 4.56 EPS for the current fiscal year.

About BE Semiconductor Industries

BE Semiconductor Industries N.V. engages in the development, manufacture, marketing, sale, and service of semiconductor assembly equipment for the semiconductor and electronics industries in China, the United States, Malaysia, Ireland, Korea, Taiwan, Thailand, Other Asia Pacific and Europe, and internationally.