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

Key Points

• BE Semiconductor Industries shares fell sharply, opening at $219.23 versus a prior close of $229.42 and last trading at $218.91.
• Analyst sentiment remains broadly positive, with an average “Moderate Buy” rating, though Zacks Research downgraded the stock to “Hold”; Morgan Stanley reaffirmed “Overweight” and Berenberg upgraded it to “Strong Buy.”
• The company slightly missed quarterly EPS estimates ($1.29 versus $1.30) but exceeded revenue expectations, reporting $290.52 million against forecasts of $285.58 million.

BE Semiconductor Industries NV (OTCMKTS:BESIY - Get Free Report) gapped down before the market opened on Tuesday. The stock had previously closed at $229.42, but opened at $219.23. BE Semiconductor Industries shares last traded at $218.91, with a volume of 1,072 shares.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BESIY. Morgan Stanley reaffirmed an "overweight" rating on shares of BE Semiconductor Industries in a research report on Tuesday, September 8th. Zacks Research downgraded shares of BE Semiconductor Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 25th. Finally, Berenberg Bank upgraded shares of BE Semiconductor Industries from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy".

BE Semiconductor Industries Price Performance

The company has a 50 day simple moving average of $231.16 and a 200 day simple moving average of $268.04. The company has a market capitalization of $15.78 billion, a price-to-earnings ratio of 71.34 and a beta of 1.99. 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 issued its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.29 EPS for the quarter, missing analysts' consensus estimates of $1.30 by ($0.01). The company had revenue of $290.52 million for the quarter, compared to analyst estimates 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 predict that BE Semiconductor Industries NV will post 4.83 EPS for the current year.

About BE Semiconductor Industries

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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