ASM International (ASMIY) Set to Post Quarterly Earnings on Tuesday

ASM International (OTCMKTS:ASMIY) is expected to be issuing its results after the market closes on Tuesday, October 27th. Analysts expect ASM International to announce earnings of $6.99 per share and revenue of $1.26 billion for the quarter.

ASM International Stock Performance

ASMIY stock opened at $835.95 on Tuesday. ASM International has a fifty-two week low of $532.31 and a fifty-two week high of $1,248.72. The business’s 50-day moving average is $962.60 and its two-hundred day moving average is $989.67. The company has a market cap of $40.86 billion, a price-to-earnings ratio of 38.46 and a beta of 2.03.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ASMIY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a research note on Thursday, July 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of ASM International in a research report on Friday, July 17th. Finally, Zacks Research cut shares of ASM International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About ASM International

ASM International N.V. is a Netherlands-based semiconductor equipment company that develops and supplies wafer-processing systems used in the production of advanced integrated circuits. Its technologies support key stages of semiconductor manufacturing, including the deposition and formation of thin films on silicon wafers.

The company’s product portfolio includes atomic layer deposition (ALD), epitaxy, chemical vapor deposition (CVD), and related wafer-processing solutions. These systems are used to manufacture logic, memory, and other semiconductor devices, particularly as chipmakers adopt smaller process geometries and increasingly complex three-dimensional structures.

Founded in 1968 by Arthur del Prado, ASM International serves semiconductor manufacturers and research organizations through operations and support networks spanning Europe, North America, and Asia.