BE Semiconductor Industries (OTCMKTS:BESIY) Stock Price Down 8.2% – Here’s Why

Shares of BE Semiconductor Industries NV (OTCMKTS:BESIY) traded down 8.2% during mid-day trading on Wednesday. The stock traded as low as $193.6610 and last traded at $197.0464. Approximately 1,111 shares traded hands during trading, a decline of 88% from the average session volume of 8,994 shares. The stock had previously closed at $214.76.

Analyst Upgrades and Downgrades

BESIY has been the subject of several research reports. Zacks Research lowered BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 25th. Morgan Stanley reissued an “overweight” rating on shares of BE Semiconductor Industries in a research note on Tuesday, September 8th. Berenberg Bank raised BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Finally, UBS Group cut shares of BE Semiconductor Industries from a “buy” rating to a “sell” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

BE Semiconductor Industries Price Performance

The company has a market cap of $14.27 billion, a PE ratio of 64.52 and a beta of 1.99. The business has a 50 day moving average of $230.93 and a 200 day moving average of $267.97. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.28 and a quick ratio of 3.73.

BE Semiconductor Industries (OTCMKTS:BESIY) last posted its earnings results on Thursday, July 23rd. The technology company reported $1.29 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.01). BE Semiconductor Industries had a return on equity of 46.44% and a net margin of 28.42%.The company had revenue of $290.52 million during the quarter, compared to analysts’ expectations of $285.58 million. As a group, research analysts predict that BE Semiconductor Industries NV will post 4.83 EPS for the current year.

BE Semiconductor Industries Company Profile

BE Semiconductor Industries N.V. (Besi) is a Netherlands-based manufacturer of semiconductor assembly equipment. The company develops and supplies systems used to assemble, package, and finish semiconductor devices after wafer fabrication.

Besi’s product portfolio includes die-attach equipment, packaging systems, molding and singulation equipment, plating systems, and related solutions for advanced semiconductor packaging. Its technologies support applications such as flip-chip, wafer-level packaging, thermo-compression bonding, and hybrid bonding, which are used in electronics, communications, automotive, computing, and other semiconductor markets.

Founded in 1995 and headquartered in Duiven, the Netherlands, Besi serves semiconductor manufacturers and assembly and test providers worldwide.