Short Interest in BE Semiconductor Industries NV (OTCMKTS:BESIY) Drops By 12.5%

BE Semiconductor Industries NV (OTCMKTS:BESIY) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 700 shares, a drop of 12.5% from the June 30th total of 800 shares. Based on an average daily trading volume, of 900 shares, the days-to-cover ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

BESIY has been the topic of several recent research reports. HSBC raised BE Semiconductor Industries from a “reduce” rating to a “hold” rating in a research report on Monday, April 28th. Barclays lowered shares of BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 3rd. Kepler Capital Markets upgraded shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 10th. Hsbc Global Res raised shares of BE Semiconductor Industries from a “moderate sell” rating to a “hold” rating in a report on Monday, April 28th. Finally, Sanford C. Bernstein initiated coverage on shares of BE Semiconductor Industries in a research note on Tuesday, June 17th. They set an “outperform” rating on the stock. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, BE Semiconductor Industries presently has a consensus rating of “Moderate Buy”.

BE Semiconductor Industries Stock Performance

Shares of BESIY opened at $140.88 on Thursday. BE Semiconductor Industries has a one year low of $88.02 and a one year high of $155.00. The stock has a 50-day moving average price of $139.04 and a 200 day moving average price of $125.36. The company has a debt-to-equity ratio of 1.02, a current ratio of 6.34 and a quick ratio of 5.69.

BE Semiconductor Industries (OTCMKTS:BESIY) last announced its earnings results on Thursday, July 24th. The technology company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.04). The business had revenue of $173.78 million during the quarter, compared to analyst estimates of $150.33 million. BE Semiconductor Industries had a net margin of 28.10% and a return on equity of 34.64%. On average, equities analysts forecast that BE Semiconductor Industries will post 4.56 earnings per share for the current fiscal year.

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.