BE Semiconductor Industries NV (OTCMKTS:BESIY) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Analysts maintain a “Buy” consensus for BE Semiconductor Industries, with five buy ratings, two strong-buy ratings, and two holds among nine research firms. Berenberg Bank and Zacks Research recently upgraded the stock to strong buy.
• Shares opened at $274.40, with a 12-month range of $122.81 to $374.33 and a market capitalization of approximately $19.9 billion. The stock trades at a high price-to-earnings ratio of 89.97.
• In its latest quarter, BESI reported $1.29 EPS, slightly below the $1.30 estimate, while revenue of $290.52 million exceeded the $285.58 million consensus forecast. Analysts expect full-year EPS of $4.83.

BE Semiconductor Industries NV (OTCMKTS:BESIY - Get Free Report) has earned an average rating of "Buy" from the nine research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company.

Several analysts recently weighed in on the stock. Berenberg Bank raised shares of BE Semiconductor Industries from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. Morgan Stanley reissued an "overweight" rating on shares of BE Semiconductor Industries in a research note on Tuesday, May 19th. Zacks Research raised BE Semiconductor Industries from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of BE Semiconductor Industries in a research note on Friday, May 15th.

BE Semiconductor Industries Stock Performance

Shares of BESIY stock opened at $274.40 on Tuesday. The business's 50-day moving average price is $291.27 and its 200-day moving average price is $264.36. BE Semiconductor Industries has a 12 month low of $122.81 and a 12 month high of $374.33. The firm has a market capitalization of $19.90 billion, a price-to-earnings ratio of 89.97 and a beta of 2.01. The company has a current ratio of 4.28, a quick ratio of 3.73 and a debt-to-equity ratio of 0.60.

BE Semiconductor Industries (OTCMKTS:BESIY - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $290.52 million during the quarter, compared to analyst estimates of $285.58 million. Equities research analysts forecast that BE Semiconductor Industries will post 4.83 EPS for the current year.

BE Semiconductor Industries Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source