BE Semiconductor Industries NV (OTCMKTS:BESIY) Stock Short Interest Declines 52.3%

Key Points

• Short interest fell 52.3% to 480 shares as of September 30, down from 1,006 shares two weeks earlier. Short interest represented 0.0% of outstanding shares, with a 0.0-day short-interest ratio.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” from MarketBeat, despite recent downgrades from Zacks Research and UBS Group.
• BESIY shares opened at $194.16, well below their 52-week high of $374.33. The company’s latest quarterly results showed $1.29 in EPS, slightly below estimates, while revenue of $290.52 million exceeded expectations.

BE Semiconductor Industries NV (OTCMKTS:BESIY - Get Free Report) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 480 shares, a decline of 52.3% from the September 15th total of 1,006 shares. Based on an average daily volume of 24,109 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

BESIY has been the topic of a number of recent research reports. Zacks Research downgraded shares of BE Semiconductor Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 25th. UBS Group lowered shares of BE Semiconductor Industries from a "buy" rating to a "sell" rating in a research report on Wednesday, October 7th. 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. Finally, Morgan Stanley restated an "overweight" rating on shares of BE Semiconductor Industries in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, BE Semiconductor Industries has a consensus rating of "Moderate Buy".

BE Semiconductor Industries Trading Down 1.0%

Shares of BESIY stock opened at $194.16 on Wednesday. BE Semiconductor Industries has a 1 year low of $140.07 and a 1 year high of $374.33. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.28 and a quick ratio of 3.73. The stock's 50 day simple moving average is $227.41 and its two-hundred day simple moving average is $267.37. The company has a market cap of $14.08 billion, a PE ratio of 63.66 and a beta of 1.99.

BE Semiconductor Industries (OTCMKTS:BESIY - Get Free Report) last posted 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). The company had revenue of $290.52 million during the quarter, compared to the consensus estimate of $285.58 million. BE Semiconductor Industries had a net margin of 28.42% and a return on equity of 46.44%. Research analysts predict that BE Semiconductor Industries will post 4.83 earnings per share for the current year.

BE Semiconductor Industries Company Profile

BE Semiconductor Industries N.V. (Besi) is a Netherlands-based manufacturer of semiconductor assembly equipment. The company develops and supplies systems used to assemble, package, and finish semiconductor devices after wafer fabrication.

Besi's product portfolio includes die-attach equipment, packaging systems, molding and singulation equipment, plating systems, and related solutions for advanced semiconductor packaging. Its technologies support applications such as flip-chip, wafer-level packaging, thermo-compression bonding, and hybrid bonding, which are used in electronics, communications, automotive, computing, and other semiconductor markets.

Founded in 1995 and headquartered in Duiven, the Netherlands, Besi serves semiconductor manufacturers and assembly and test providers worldwide.

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