BE Semiconductor Industries (OTCMKTS:BESIY) Shares Gap Down - Here's Why

Key Points

• BE Semiconductor Industries shares fell sharply, opening at $232.57 after closing at $243.00 and later trading at $229.42 on relatively low volume.
• Analyst sentiment remains positive: the stock has an average “Buy” rating, including two Strong Buy and five Buy ratings, while several firms recently reaffirmed or upgraded their recommendations.
• The company narrowly missed quarterly EPS estimates ($1.29 versus $1.30) but exceeded revenue expectations with $290.52 million versus $285.58 million; analysts expect full-year EPS of $4.83.

BE Semiconductor Industries NV (OTCMKTS:BESIY - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $243.00, but opened at $232.57. BE Semiconductor Industries shares last traded at $229.42, with a volume of 2,215 shares changing hands.

Wall Street Analyst Weigh In

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

BE Semiconductor Industries Stock Performance

The business has a fifty day moving average of $280.77 and a 200-day moving average of $266.23. The company has a market cap of $16.81 billion, a PE ratio of 76.03 and a beta of 2.01. The company has a current ratio of 4.28, a quick ratio of 3.73 and a debt-to-equity ratio of 0.60.

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

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