BE Semiconductor Industries (OTCMKTS:BESIY) Stock Passes Above 200 Day Moving Average - Here's What Happened

BE Semiconductor Industries (OTCMKTS:BESIY - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $121.53 and traded as high as $130.07. BE Semiconductor Industries shares last traded at $130.07, with a volume of 640 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BESIY. HSBC raised BE Semiconductor Industries from a "reduce" rating to a "hold" rating in a report on Monday, April 28th. Hsbc Global Res raised shares of BE Semiconductor Industries from a "moderate sell" rating to a "hold" rating in a research note on Monday, April 28th.

BE Semiconductor Industries Stock Performance

The stock has a fifty day moving average price of $111.06 and a 200 day moving average price of $121.89. The company has a current ratio of 6.86, a quick ratio of 6.12 and a debt-to-equity ratio of 1.13. The firm has a market cap of $8.82 billion, a price-to-earnings ratio of 48.86 and a beta of 1.80.

BE Semiconductor Industries (OTCMKTS:BESIY - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.08). BE Semiconductor Industries had a return on equity of 39.31% and a net margin of 29.92%. The company had revenue of $165.45 million for the quarter, compared to the consensus estimate of $162.96 million. As a group, analysts predict that BE Semiconductor Industries will post 4.56 earnings per share for the current year.

BE Semiconductor Industries Increases Dividend

The company also recently announced a dividend, which was paid on Monday, May 5th. Investors of record on Monday, April 28th were paid a $2.0024 dividend. This is a positive change from BE Semiconductor Industries's previous dividend of $1.94. The ex-dividend date was Monday, April 28th. BE Semiconductor Industries's dividend payout ratio is presently 86.83%.

About BE Semiconductor Industries

BE Semiconductor Industries N.V. engages in the development, manufacture, marketing, sale, and service of semiconductor assembly equipment for the semiconductor and electronics industries in China, the United States, Malaysia, Ireland, Korea, Taiwan, Thailand, Other Asia Pacific and Europe, and internationally.