BE Semiconductor Industries (OTCMKTS:BESIY) Sees Strong Trading Volume – Time to Buy?

BE Semiconductor Industries NV (OTCMKTS:BESIY) saw unusually-high trading volume on Friday . Approximately 18,245 shares were traded during trading, an increase of 166% from the previous session’s volume of 6,870 shares.The stock last traded at $317.98 and had previously closed at $319.66.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BESIY. Berenberg Bank upgraded shares of BE Semiconductor Industries to a “hold” rating in a research report on Monday, February 23rd. Zacks Research raised shares of BE Semiconductor Industries to a “strong-buy” rating in a research report on Thursday, April 23rd. Morgan Stanley reissued an “overweight” rating on shares of BE Semiconductor Industries in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of BE Semiconductor Industries in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

BE Semiconductor Industries Trading Down 1.4%

The firm has a market cap of $22.85 billion, a PE ratio of 142.58 and a beta of 1.96. The company’s fifty day moving average price is $258.70 and its two-hundred day moving average price is $207.87. The company has a quick ratio of 4.88, a current ratio of 4.74 and a debt-to-equity ratio of 1.11.

BE Semiconductor Industries (OTCMKTS:BESIY) last issued its earnings results on Thursday, April 23rd. The technology company reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76. The business had revenue of $216.51 million for the quarter, compared to the consensus estimate of $220.77 million. BE Semiconductor Industries had a net margin of 24.02% and a return on equity of 38.42%. As a group, sell-side analysts forecast that BE Semiconductor Industries NV will post 4.46 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.