BE Semiconductor Industries NV (OTCMKTS:BESIY) Sees Significant Drop in Short Interest

BE Semiconductor Industries NV (OTCMKTS:BESIY) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 2,987 shares, a decline of 60.3% from the May 14th total of 7,533 shares. Based on an average daily trading volume, of 15,090 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

BE Semiconductor Industries Stock Performance

OTCMKTS BESIY traded down $8.14 on Friday, reaching $360.50. 1,110 shares of the company’s stock traded hands, compared to its average volume of 7,039. The firm has a market cap of $26.14 billion, a price-to-earnings ratio of 163.12 and a beta of 1.97. The stock has a 50 day moving average price of $291.96 and a 200-day moving average price of $225.48. BE Semiconductor Industries has a fifty-two week low of $122.81 and a fifty-two week high of $368.64. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.17 and a current ratio of 4.74.

BE Semiconductor Industries (OTCMKTS:BESIY) last released its quarterly earnings data on Thursday, April 23rd. The technology company reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. BE Semiconductor Industries had a return on equity of 38.42% and a net margin of 24.02%.The business had revenue of $216.51 million for the quarter, compared to analyst estimates of $220.77 million. Equities research analysts predict that BE Semiconductor Industries will post 4.46 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.