BE Semiconductor Industries (OTCMKTS:BESIY) Rating Increased to Strong-Buy at Zacks Research

BE Semiconductor Industries (OTCMKTS:BESIY) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Morgan Stanley reiterated an “overweight” rating on shares of BE Semiconductor Industries in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BE Semiconductor Industries in a research note on Friday, May 15th. 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 company’s stock. According to MarketBeat, BE Semiconductor Industries has an average rating of “Moderate Buy”.

BE Semiconductor Industries Price Performance

Shares of OTCMKTS BESIY opened at $228.67 on Wednesday. The stock has a market cap of $16.58 billion, a P/E ratio of 74.97 and a beta of 1.97. BE Semiconductor Industries has a twelve month low of $122.81 and a twelve month high of $374.33. The stock has a 50 day moving average of $307.99 and a two-hundred day moving average of $259.74. The company has a current ratio of 4.74, a quick ratio of 4.17 and a debt-to-equity ratio of 1.11.

BE Semiconductor Industries (OTCMKTS:BESIY) last announced its earnings results 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). The business had revenue of $290.52 million for the quarter, compared to analysts’ expectations of $285.58 million. BE Semiconductor Industries had a return on equity of 51.09% and a net margin of 28.42%. On average, research analysts forecast that BE Semiconductor Industries will post 4.83 earnings per share for the current year.

About BE Semiconductor Industries

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.