BE Semiconductor Industries (OTCMKTS:BESIY) Upgraded by Zacks Research to Strong-Buy Rating

Key Points

• Zacks Research upgraded BE Semiconductor Industries (BESIY) to a "strong-buy", though analyst coverage is mixed (1 Strong Buy, 5 Buy, 5 Hold) leaving a consensus rating of "Moderate Buy".
• Shares are trading near their 52-week high (opened $298.10 vs a $301.03 high) with a market cap of $21.62 billion and a stretched valuation (PE ~134.9).
• The company reported EPS $0.76 (in line with estimates) and revenue of $216.51M, slightly below expectations, while showing strong profitability (ROE 40.69%, net margin 24.02%).

BE Semiconductor Industries (OTCMKTS:BESIY - Get Free Report) was upgraded by equities researchers at Zacks Research to a "strong-buy" rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. Citigroup restated a "neutral" rating on shares of BE Semiconductor Industries in a research note on Tuesday, January 20th. Kepler Capital Markets lowered BE Semiconductor Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 9th. Sanford C. Bernstein restated an "outperform" rating on shares of BE Semiconductor Industries in a research note on Sunday, January 4th. Morgan Stanley restated an "overweight" rating on shares of BE Semiconductor Industries in a research note on Tuesday, January 13th. Finally, Berenberg Bank upgraded BE Semiconductor Industries to a "hold" rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

BE Semiconductor Industries Stock Performance

Shares of BESIY stock opened at $298.10 on Thursday. The stock has a market cap of $21.62 billion, a PE ratio of 134.89 and a beta of 1.78. The business has a 50-day simple moving average of $228.12 and a 200-day simple moving average of $191.04. The company has a quick ratio of 4.88, a current ratio of 5.55 and a debt-to-equity ratio of 1.22. BE Semiconductor Industries has a 52-week low of $106.35 and a 52-week high of $301.03.

BE Semiconductor Industries (OTCMKTS:BESIY - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The technology company reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. BE Semiconductor Industries had a return on equity of 40.69% and a net margin of 24.02%.The business had revenue of $216.51 million during the quarter, compared to analysts' expectations of $220.77 million. On average, equities analysts expect that BE Semiconductor Industries will post 4.09 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.