BE Semiconductor Industries (OTCMKTS:BESIY) Stock Falls 8.2% - Time to Sell?

Key Points

• BE Semiconductor Industries shares fell 8.2% to about $197, substantially below their 50-day and 200-day moving averages. Trading volume was 88% below the average session volume.
• Analyst sentiment is mixed: UBS downgraded the stock to “sell,” while other firms maintain bullish ratings. MarketBeat’s overall consensus remains “Moderate Buy.”
• The latest quarterly results were mixed, with EPS of $1.29 narrowly missing estimates, but revenue of $290.52 million exceeding expectations. The company reported a 28.42% net margin and 46.44% return on equity.

BE Semiconductor Industries NV (OTCMKTS:BESIY - Get Free Report)'s share price fell 8.2% on Wednesday. The company traded as low as $193.6610 and last traded at $197.0464. 1,111 shares were traded during trading, a decline of 88% from the average session volume of 8,994 shares. The stock had previously closed at $214.76.

Analysts Set New Price Targets

Several research firms recently commented on BESIY. Zacks Research downgraded BE Semiconductor Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 25th. Berenberg Bank upgraded BE Semiconductor Industries from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. UBS Group downgraded BE Semiconductor Industries from a "buy" rating to a "sell" rating in a research note on Wednesday. Finally, Morgan Stanley reissued an "overweight" rating on shares of BE Semiconductor Industries in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

BE Semiconductor Industries Price Performance

The business's fifty day simple moving average is $230.93 and its 200-day simple moving average is $267.97. The company has a current ratio of 4.28, a quick ratio of 3.73 and a debt-to-equity ratio of 0.60. The firm has a market cap of $14.27 billion, a P/E ratio of 64.52 and a beta of 1.99.

BE Semiconductor Industries (OTCMKTS:BESIY - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.30 by ($0.01). BE Semiconductor Industries had a net margin of 28.42% and a return on equity of 46.44%. The company had revenue of $290.52 million for the quarter, compared to the consensus estimate of $285.58 million. As a group, analysts forecast that BE Semiconductor Industries NV will post 4.83 EPS 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 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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