BE Semiconductor Industries (OTCMKTS:BESIY) Hits New 12-Month High - Still a Buy?

Key Points

• BE Semiconductor hit a new 52-week high of $302.74, last trading at $301.64 on the latest session.
• Analyst consensus is a Moderate Buy (1 Strong Buy, 5 Buy, 4 Hold), with recent notes including Morgan Stanley’s "overweight" and Zacks’ "strong-buy."
• Q1 results showed EPS of $0.76 that matched estimates while revenue of $216.5M was slightly below expectations; the company reports strong profitability (net margin 24.02%, ROE 40.69%) but a high valuation (market cap $21.82B, PE 136.14).

BE Semiconductor Industries NV (OTCMKTS:BESIY - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $302.74 and last traded at $301.64, with a volume of 5516 shares changing hands. The stock had previously closed at $299.2182.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BESIY shares. Citigroup reaffirmed a "neutral" rating on shares of BE Semiconductor Industries in a report on Tuesday, January 20th. Berenberg Bank raised shares of BE Semiconductor Industries to a "hold" rating in a report on Monday, February 23rd. Morgan Stanley reaffirmed an "overweight" rating on shares of BE Semiconductor Industries in a report on Tuesday, January 13th. Zacks Research raised shares of BE Semiconductor Industries to a "strong-buy" rating in a report on Thursday, April 23rd. Finally, Kepler Capital Markets cut shares of BE Semiconductor Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, January 9th. 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 data from MarketBeat, the company presently has an average rating of "Moderate Buy".

BE Semiconductor Industries Stock Up 0.6%

The company has a debt-to-equity ratio of 1.22, a current ratio of 5.55 and a quick ratio of 4.88. The business's fifty day simple moving average is $235.43 and its two-hundred day simple moving average is $195.64. The company has a market cap of $21.82 billion, a PE ratio of 136.14 and a beta of 1.96.

BE Semiconductor Industries (OTCMKTS:BESIY - Get Free Report) last released its earnings results on Thursday, April 23rd. The technology company reported $0.76 EPS for the quarter, hitting analysts' consensus estimates of $0.76. The business had revenue of $216.51 million during the quarter, compared to analysts' expectations of $220.77 million. BE Semiconductor Industries had a net margin of 24.02% and a return on equity of 40.69%. On average, analysts predict that BE Semiconductor Industries NV will post 4.46 earnings per share for the current 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.

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