ASM International (OTCMKTS:ASMIY) Upgraded to “Strong-Buy” at Zacks Research

ASM International (OTCMKTS:ASMIY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

ASMIY has been the subject of several other reports. Morgan Stanley reissued an “overweight” rating on shares of ASM International in a research note on Friday, January 16th. Citigroup reiterated a “buy” rating on shares of ASM International in a report on Tuesday, January 20th. Barclays reiterated an “overweight” rating on shares of ASM International in a research report on Monday, January 26th. BNP Paribas Exane raised ASM International to an “outperform” rating in a report on Monday, February 2nd. Finally, Jefferies Financial Group downgraded shares of ASM International from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, ASM International presently has a consensus rating of “Moderate Buy”.

ASM International Price Performance

ASMIY opened at $781.98 on Wednesday. ASM International has a one year low of $372.61 and a one year high of $877.36. The company’s 50 day simple moving average is $819.71 and its 200-day simple moving average is $683.77. The stock has a market capitalization of $38.39 billion, a P/E ratio of 45.70 and a beta of 1.91.

ASM International (OTCMKTS:ASMIY) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported $4.02 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.65. ASM International had a net margin of 23.51% and a return on equity of 19.77%. The firm had revenue of $808.18 million during the quarter, compared to analysts’ expectations of $815.67 million. As a group, analysts anticipate that ASM International will post 14.46 EPS for the current 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.