Short Interest in BE Semiconductor Industries NV (OTCMKTS:BESIY) Decreases By 60.3%

BE Semiconductor Industries NV (OTCMKTS:BESIY) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 2,987 shares, a decrease of 60.3% from the May 14th total of 7,533 shares. Based on an average daily volume of 15,090 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

BESIY has been the subject of several recent research reports. Zacks Research raised shares of BE Semiconductor Industries to a “strong-buy” rating in a research note on Thursday, April 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of BE Semiconductor Industries in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of BE Semiconductor Industries in a research note on Friday, May 15th. Finally, Berenberg Bank raised shares of BE Semiconductor Industries to a “hold” rating in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, BE Semiconductor Industries has a consensus rating of “Moderate Buy”.

BE Semiconductor Industries Price Performance

Shares of BESIY opened at $365.70 on Friday. The company has a market capitalization of $26.52 billion, a price-to-earnings ratio of 165.48 and a beta of 1.97. BE Semiconductor Industries has a fifty-two week low of $122.81 and a fifty-two week high of $368.93. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.74 and a quick ratio of 4.17. The business’s 50-day moving average is $294.91 and its 200-day moving average is $226.46.

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 analysts’ consensus estimates of $0.76. The company had revenue of $216.51 million for the quarter, compared to the consensus estimate of $220.77 million. BE Semiconductor Industries had a return on equity of 38.42% and a net margin of 24.02%. Equities research analysts expect that BE Semiconductor Industries will post 4.46 EPS for the current fiscal 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.