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

Shares of BE Semiconductor Industries NV (OTCMKTS:BESIY) gapped up before the market opened on Wednesday . The stock had previously closed at $203.3250, but opened at $211.33. BE Semiconductor Industries shares last traded at $207.19, with a volume of 149 shares traded.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Zacks Research raised shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Berenberg Bank raised BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of BE Semiconductor Industries in a report on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy”.

BE Semiconductor Industries Trading Up 1.9%

The company has a debt-to-equity ratio of 0.60, a current ratio of 4.28 and a quick ratio of 3.73. The firm has a market capitalization of $15.03 billion, a price-to-earnings ratio of 67.95 and a beta of 1.99. The firm’s 50-day simple moving average is $246.32 and its 200 day simple moving average is $267.43.

BE Semiconductor Industries (OTCMKTS:BESIY) last released its earnings results 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). BE Semiconductor Industries had a net margin of 28.42% and a return on equity of 46.44%. The business had revenue of $290.52 million during the quarter, compared to the consensus estimate of $285.58 million. Equities analysts expect that BE Semiconductor Industries NV will post 4.83 earnings per share for the current year.

About BE Semiconductor Industries

BE Semiconductor Industries N.V. (BESI) is a Netherlands-based semiconductor equipment manufacturer that develops, produces and markets systems used in the assembly and packaging of semiconductor devices. Its equipment is used by semiconductor manufacturers and outsourced semiconductor assembly and test providers to connect, protect and package semiconductor components after wafer fabrication.

The company’s product portfolio includes die-attach systems, packaging equipment and related solutions for advanced semiconductor applications.