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BE Semiconductor Industries (OTCMKTS:BESIY) Stock Passes Below 200-Day Moving Average - Here's Why

BE Semiconductor Industries logo with Computer and Technology background
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BE Semiconductor Industries (OTCMKTS:BESIY - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $124.49 and traded as low as $116.00. BE Semiconductor Industries shares last traded at $117.81, with a volume of 5,691 shares trading hands.

Analysts Set New Price Targets

BESIY has been the topic of several research analyst reports. Needham & Company LLC cut shares of BE Semiconductor Industries from a "moderate buy" rating to a "hold" rating in a research report on Monday, January 13th. UBS Group raised shares of BE Semiconductor Industries from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th.

Check Out Our Latest Report on BE Semiconductor Industries

BE Semiconductor Industries Price Performance

The company has a debt-to-equity ratio of 1.13, a quick ratio of 6.12 and a current ratio of 6.86. The firm has a market capitalization of $7.93 billion, a P/E ratio of 43.92 and a beta of 1.76. The business has a fifty day moving average of $121.35 and a 200-day moving average of $124.36.

BE Semiconductor Industries (OTCMKTS:BESIY - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The technology company reported $0.79 earnings per share (EPS) for the quarter. The company had revenue of $163.66 million during the quarter. BE Semiconductor Industries had a return on equity of 39.31% and a net margin of 29.92%. On average, sell-side analysts forecast that BE Semiconductor Industries will post 4.56 EPS for the current fiscal year.

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BE Semiconductor Industries Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 28th will be given a dividend of $2.0024 per share. This is an increase from BE Semiconductor Industries's previous dividend of $1.94. The ex-dividend date of this dividend is Monday, April 28th. BE Semiconductor Industries's payout ratio is 80.32%.

About BE Semiconductor Industries

(Get Free Report)

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.

Further Reading

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