BE Semiconductor Industries (OTCMKTS:BESIY) Stock Falls 6.5% - Here's Why

Key Points

• BE Semiconductor Industries fell 6.5% to $163.78 in mid-day trading, with volume about 36% above its average.
• Analyst sentiment is mixed: UBS downgraded the stock to “sell,” while Morgan Stanley maintained “overweight” and Berenberg raised its view to “strong buy.” The overall consensus remains “Moderate Buy.”
• The company narrowly missed quarterly EPS estimates ($1.29 versus $1.30) but exceeded revenue expectations, reporting $290.52 million. The stock trades at a relatively high P/E ratio of 53.35 and remains well below its 50-day and 200-day moving averages.

BE Semiconductor Industries NV (OTCMKTS:BESIY - Get Free Report) dropped 6.5% on Friday. The company traded as low as $163.00 and last traded at $163.78. 13,295 shares changed hands during mid-day trading, an increase of 36% from the average session volume of 9,795 shares. The stock had previously closed at $175.15.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BESIY. UBS Group downgraded shares of BE Semiconductor Industries from a "buy" rating to a "sell" rating in a research report on Wednesday, October 7th. Morgan Stanley reissued an "overweight" rating on shares of BE Semiconductor Industries in a research report on Tuesday, September 8th. Berenberg Bank raised shares of BE Semiconductor Industries from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. Finally, Zacks Research cut BE Semiconductor Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, BE Semiconductor Industries currently has a consensus rating of "Moderate Buy".

BE Semiconductor Industries Trading Down 7.1%

The business's 50-day simple moving average is $216.45 and its 200-day simple moving average is $265.75. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.73 and a current ratio of 4.28. The company has a market capitalization of $11.80 billion, a price-to-earnings ratio of 53.35 and a beta of 1.99.

BE Semiconductor Industries (OTCMKTS:BESIY - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $290.52 million for the quarter, compared to the consensus estimate of $285.58 million. On average, research analysts expect that BE Semiconductor Industries NV will post 5.00 earnings per share for the current fiscal 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 package semiconductor devices after wafer fabrication, helping customers assemble, connect, protect and test chips for use in electronic products.

BESI's product portfolio includes die-attach equipment, packaging systems, molding equipment and singulation systems. Its technologies support applications such as advanced semiconductor packaging, flip-chip assembly, thermo-compression bonding and hybrid bonding, which are used in products requiring higher performance, smaller dimensions and improved power efficiency.

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

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