BE Semiconductor Industries (OTCMKTS:BESIY) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Trading volume surged 228% to 26,691 shares, while BE Semiconductor Industries’ stock rose 2.8% to $267.86 from its previous close of $261.11.
• Analyst sentiment is broadly positive: Berenberg Bank and Zacks Research upgraded the stock to “strong buy,” while Morgan Stanley and Deutsche Bank maintained bullish ratings. MarketBeat’s consensus rating is “Buy.”
• The company slightly missed quarterly EPS expectations at $1.29 versus $1.30, but revenue exceeded estimates at $290.52 million versus $285.58 million; analysts forecast full-year EPS of $4.83.

BE Semiconductor Industries NV (OTCMKTS:BESIY - Get Free Report) saw an uptick in trading volume on Wednesday . 26,691 shares traded hands during mid-day trading, an increase of 228% from the previous session's volume of 8,144 shares.The stock last traded at $267.8610 and had previously closed at $261.11.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Berenberg Bank raised BE Semiconductor Industries from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. Morgan Stanley reissued an "overweight" rating on shares of BE Semiconductor Industries in a report on Tuesday, May 19th. Zacks Research upgraded shares of BE Semiconductor Industries from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of BE Semiconductor Industries in a report on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy".

BE Semiconductor Industries Trading Up 2.8%

The stock has a fifty day simple moving average of $295.42 and a 200 day simple moving average of $262.58. The firm has a market capitalization of $19.47 billion, a P/E ratio of 88.02 and a beta of 2.00. The company has a quick ratio of 3.73, a current ratio of 4.28 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 for the quarter, missing analysts' consensus estimates of $1.30 by ($0.01). The business had revenue of $290.52 million during the quarter, compared to the consensus estimate of $285.58 million. BE Semiconductor Industries had a return on equity of 46.44% and a net margin of 28.42%. As a group, research analysts forecast that BE Semiconductor Industries NV will post 4.83 EPS 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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