BE Semiconductor Industries (OTCMKTS:BESIY) Shares Gap Up – Here’s Why

BE Semiconductor Industries NV (OTCMKTS:BESIY) gapped up before the market opened on Monday . The stock had previously closed at $138.77, but opened at $144.10. BE Semiconductor Industries shares last traded at $144.10, with a volume of 541 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BESIY shares. HSBC raised shares of BE Semiconductor Industries from a “reduce” rating to a “hold” rating in a research note on Monday, April 28th. Sanford C. Bernstein assumed coverage on BE Semiconductor Industries in a research note on Tuesday, June 17th. They set an “outperform” rating on the stock. Hsbc Global Res raised BE Semiconductor Industries from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 28th. Finally, Kepler Capital Markets upgraded BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 10th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

BE Semiconductor Industries Trading Up 1.6%

The stock has a market cap of $10.22 billion, a PE ratio of 58.03 and a beta of 1.79. The company’s 50-day moving average price is $122.15 and its 200 day moving average price is $123.83. The company has a debt-to-equity ratio of 1.02, a quick ratio of 5.69 and a current ratio of 6.34.

BE Semiconductor Industries (OTCMKTS:BESIY) last posted its earnings results on Wednesday, April 23rd. The technology company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.08). The business had revenue of $165.45 million during the quarter, compared to analysts’ expectations of $162.96 million. BE Semiconductor Industries had a net margin of 29.68% and a return on equity of 37.42%. On average, sell-side analysts forecast that BE Semiconductor Industries NV will post 4.56 EPS for the current fiscal year.

BE Semiconductor Industries Increases Dividend

The business also recently announced a dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, April 28th were given a $2.0024 dividend. The ex-dividend date of this dividend was Monday, April 28th. This is a boost from BE Semiconductor Industries’s previous dividend of $1.94. BE Semiconductor Industries’s dividend payout ratio is presently 86.83%.

About BE Semiconductor Industries

BE Semiconductor Industries N.V. engages in the development, manufacture, marketing, sale, and service of semiconductor assembly equipment for the semiconductor and electronics industries in China, the United States, Malaysia, Ireland, Korea, Taiwan, Thailand, Other Asia Pacific and Europe, and internationally.