ASM International (OTCMKTS:ASMIY) Issues Earnings Results

ASM International (OTCMKTS:ASMIY) released its quarterly earnings results on Tuesday. The company reported $6.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.87 by $0.05, Zacks reports. ASM International had a net margin of 31.07% and a return on equity of 20.41%.

ASM International Price Performance

Shares of ASMIY traded down $46.69 during trading hours on Tuesday, hitting $872.50. The company’s stock had a trading volume of 3,509 shares, compared to its average volume of 10,369. The business has a 50 day simple moving average of $1,064.44 and a two-hundred day simple moving average of $925.94. ASM International has a 52-week low of $463.86 and a 52-week high of $1,248.72. The company has a market cap of $42.65 billion, a price-to-earnings ratio of 37.25 and a beta of 1.99.

Analysts Set New Price Targets

Several analysts have recently weighed in on ASMIY shares. Zacks Research lowered shares of ASM International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Citigroup reiterated a “buy” rating on shares of ASM International in a report on Thursday, April 23rd. Barclays reaffirmed an “overweight” rating on shares of ASM International in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASM International in a report on Friday, July 10th. Finally, Morgan Stanley restated an “overweight” rating on shares of ASM International in a report on Friday, July 17th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

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.