ASM International NV (OTCMKTS:ASMIY) Receives Average Recommendation of “Buy” from Brokerages

Shares of ASM International NV (OTCMKTS:ASMIY) have received an average recommendation of “Buy” from the nine research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company.

A number of analysts have weighed in on the company. Citigroup reaffirmed a “buy” rating on shares of ASM International in a research report on Tuesday, October 7th. Zacks Research upgraded shares of ASM International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a research report on Wednesday, September 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of ASM International in a report on Friday. Finally, Jefferies Financial Group cut shares of ASM International from a “hold” rating to a “moderate sell” rating in a report on Tuesday, January 13th.

ASM International Price Performance

Shares of OTCMKTS:ASMIY traded up $19.50 during trading on Friday, hitting $801.02. 10,316 shares of the company were exchanged, compared to its average volume of 4,703. The firm’s 50 day moving average price is $622.03 and its 200-day moving average price is $583.75. ASM International has a 12-month low of $372.61 and a 12-month high of $802.89. The stock has a market capitalization of $39.32 billion, a P/E ratio of 44.33 and a beta of 1.87.

ASM International (OTCMKTS:ASMIY) last posted its earnings results on Tuesday, October 28th. The company reported $4.90 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.16. The business had revenue of $932.68 million during the quarter, compared to the consensus estimate of $814.93 million. ASM International had a return on equity of 21.55% and a net margin of 24.50%. As a group, equities research analysts anticipate that ASM International will post 14.46 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.