BE Semiconductor Industries (OTCMKTS:BESIY) Shares Gap Down – Should You Sell?

Shares of BE Semiconductor Industries NV (OTCMKTS:BESIY) gapped down prior to trading on Thursday . The stock had previously closed at $330.76, but opened at $317.00. BE Semiconductor Industries shares last traded at $313.8320, with a volume of 1,239 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BESIY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of BE Semiconductor Industries in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of BE Semiconductor Industries in a research report on Friday, May 15th. Finally, Zacks Research cut BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

BE Semiconductor Industries Stock Performance

The company’s 50 day simple moving average is $320.77 and its 200 day simple moving average is $245.43. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.17 and a current ratio of 4.74. The stock has a market cap of $21.33 billion, a PE ratio of 133.13 and a beta of 1.97.

BE Semiconductor Industries (OTCMKTS:BESIY) last announced its earnings results on Thursday, April 23rd. The technology company reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. The firm 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%. Analysts expect that BE Semiconductor Industries NV will post 4.45 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.