BE Semiconductor Industries (OTCMKTS:BESIY) Stock Breaks Below 200 Day Moving Average - What's Next?

Key Points

• BE Semiconductor Industries fell below its 200-day moving average of $267.83, trading as low as $213.09 before closing at $216.69.
• Analyst sentiment remains generally positive, with one Strong Buy, five Buy, and three Hold ratings, resulting in a MarketBeat consensus of “Moderate Buy.”
• The company slightly missed quarterly EPS expectations, reporting $1.29 versus $1.30 expected, while revenue of $290.52 million exceeded estimates; analysts project full-year EPS of $4.83.

BE Semiconductor Industries NV (OTCMKTS:BESIY - Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $267.83 and traded as low as $213.0925. BE Semiconductor Industries shares last traded at $216.69, with a volume of 12,323 shares.

Wall Street Analysts Forecast Growth

BESIY has been the topic of several recent analyst reports. Morgan Stanley reiterated an "overweight" rating on shares of BE Semiconductor Industries in a report on Tuesday, September 8th. Zacks Research cut shares of BE Semiconductor Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, September 25th. Finally, Berenberg Bank raised BE Semiconductor Industries from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy".

BE Semiconductor Industries Stock Performance

The firm's 50 day moving average price is $231.80 and its 200-day moving average price is $267.83. The firm has a market cap of $15.71 billion, a price-to-earnings ratio of 71.05 and a beta of 2.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.28 and a quick ratio of 3.73.

BE Semiconductor Industries (OTCMKTS:BESIY - Get Free Report) last announced 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 net margin of 28.42% and a return on equity of 46.44%. On average, analysts anticipate that BE Semiconductor Industries NV will post 4.83 earnings per share 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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