ASM International (OTCMKTS:ASMIY) Shares Gap Up – Here’s Why

ASM International NV (OTCMKTS:ASMIY) gapped up prior to trading on Tuesday . The stock had previously closed at $674.35, but opened at $708.86. ASM International shares last traded at $720.1980, with a volume of 1,053 shares traded.

Analysts Set New Price Targets

Several equities analysts have issued reports on ASMIY shares. Citigroup restated a “buy” rating on shares of ASM International in a research note on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASM International in a research note on Wednesday, September 24th. Rothschild Redb cut ASM International from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Finally, Zacks Research upgraded ASM International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 23rd. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, ASM International presently has a consensus rating of “Buy”.

ASM International Stock Up 7.8%

The company has a market cap of $35.69 billion, a PE ratio of 40.23 and a beta of 1.87. The business’s fifty day moving average is $603.68 and its 200-day moving average is $576.20.

ASM International (OTCMKTS:ASMIY) last announced its earnings results on Tuesday, October 28th. The company reported $4.90 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.16. ASM International had a net margin of 24.50% and a return on equity of 21.55%. The business had revenue of $932.68 million during the quarter, compared to analysts’ expectations of $814.93 million. Analysts forecast that ASM International NV will post 14.46 EPS for the current fiscal year.

About ASM International

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.