BE Semiconductor Industries (OTCMKTS:BESIY) Reaches New 52-Week High – Here’s What Happened

Shares of BE Semiconductor Industries NV (OTCMKTS:BESIY) hit a new 52-week high during trading on Tuesday . The company traded as high as $341.70 and last traded at $340.48, with a volume of 1678 shares trading hands. The stock had previously closed at $305.21.

Analysts Set New Price Targets

BESIY has been the topic of several analyst reports. Zacks Research upgraded shares of BE Semiconductor Industries to a “strong-buy” rating in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of BE Semiconductor Industries in a report on Friday, May 15th. Berenberg Bank upgraded shares of BE Semiconductor Industries to a “hold” rating in a report on Monday, February 23rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of BE Semiconductor Industries in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

BE Semiconductor Industries Trading Up 4.7%

The company’s fifty day simple moving average is $283.48 and its two-hundred day simple moving average is $221.25. The company has a quick ratio of 4.17, a current ratio of 4.74 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $24.44 billion, a price-to-earnings ratio of 152.49 and a beta of 1.97.

BE Semiconductor Industries (OTCMKTS:BESIY) last posted its earnings results on Thursday, April 23rd. The technology company reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. BE Semiconductor Industries had a net margin of 24.02% and a return on equity of 38.42%. The company had revenue of $216.51 million for the quarter, compared to analyst estimates of $220.77 million. Research analysts forecast that BE Semiconductor Industries NV will post 4.46 earnings per share for the current fiscal year.

About BE Semiconductor Industries

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.