ASM International (OTCMKTS:ASMIY) Trading 3.9% Higher – Here’s What Happened

ASM International NV (OTCMKTS:ASMIY) traded up 3.9% during trading on Monday . The company traded as high as $1,037.73 and last traded at $1,018.16. 4,162 shares were traded during trading, a decline of 19% from the average session volume of 5,145 shares. The stock had previously closed at $979.86.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASM International in a research report on Thursday, April 23rd. Jefferies Financial Group cut ASM International from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Zacks Research raised ASM International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 25th. Finally, Citigroup reissued a “buy” rating on shares of ASM International in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

ASM International Trading Up 0.3%

The business has a fifty day moving average of $956.95 and a 200-day moving average of $810.73. The firm has a market cap of $51.00 billion, a PE ratio of 44.55 and a beta of 2.01.

ASM International (OTCMKTS:ASMIY) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $5.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.58 by $1.29. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $944.69 million. ASM International had a return on equity of 20.41% and a net margin of 31.07%. On average, equities analysts forecast that ASM International NV will post 26.12 EPS for the current year.

ASM International Company Profile

ASM International (OTCMKTS: ASMIY) is a Netherlands-based supplier of wafer processing equipment for the global semiconductor industry. The company develops and manufactures systems used in the deposition and formation of thin films on semiconductor wafers, with a strong reputation for atomic layer deposition (ALD) technology. Its equipment is used in the production of advanced logic, memory, power devices and related semiconductor components where precise control of film thickness and composition is critical.

ASM’s product portfolio centers on deposition and epitaxy platforms that support a range of process chemistries and materials, including ALD and other chemical vapor deposition techniques.