Needham & Company LLC Downgrades BE Semiconductor Industries (OTCMKTS:BESIY) to Hold

Needham & Company LLC cut shares of BE Semiconductor Industries (OTCMKTS:BESIY - Free Report) from a moderate buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Separately, UBS Group upgraded shares of BE Semiconductor Industries from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th.

BE Semiconductor Industries Price Performance

Shares of OTCMKTS:BESIY traded up $4.27 during midday trading on Monday, reaching $153.00. The company had a trading volume of 2,448 shares, compared to its average volume of 1,205. The business's 50 day moving average price is $131.87 and its 200 day moving average price is $132.18. BE Semiconductor Industries has a 1-year low of $105.53 and a 1-year high of $195.34. The company has a debt-to-equity ratio of 1.13, a current ratio of 6.86 and a quick ratio of 6.12.

BE Semiconductor Industries (OTCMKTS:BESIY - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The technology company reported $0.65 earnings per share for the quarter. The firm had revenue of $172.08 million for the quarter. BE Semiconductor Industries had a return on equity of 39.36% and a net margin of 28.93%.

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.