ASM International (OTCMKTS:ASMIY) Shares Gap Down – Should You Sell?

ASM International NV (OTCMKTS:ASMIY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $919.19, but opened at $844.56. ASM International shares last traded at $857.11, with a volume of 333 shares changing hands.

Wall Street Analysts Forecast Growth

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

ASM International Stock Performance

The company has a market capitalization of $42.47 billion, a PE ratio of 37.10 and a beta of 1.99. The stock has a 50 day moving average price of $1,064.44 and a two-hundred day moving average price of $925.94.

ASM International (OTCMKTS:ASMIY) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $6.92 EPS for the quarter, beating the consensus estimate of $6.87 by $0.05. ASM International had a return on equity of 20.41% and a net margin of 31.07%. Sell-side analysts predict that ASM International NV will post 27.15 earnings per share 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.