ASM International (OTCMKTS:ASMIY) Releases Earnings Results, Beats Expectations By $0.05 EPS

ASM International (OTCMKTS:ASMIY) announced its quarterly earnings data on Tuesday. The company reported $6.92 EPS for the quarter, beating analysts’ consensus estimates 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 stock traded down $48.58 on Tuesday, reaching $870.61. 3,668 shares of the company were exchanged, compared to its average volume of 10,370. The company has a 50-day moving average of $1,064.44 and a 200-day moving average of $925.94. The company has a market cap of $42.56 billion, a price-to-earnings ratio of 37.17 and a beta of 1.99. ASM International has a one year low of $463.86 and a one year high of $1,248.72.

Wall Street Analysts Forecast Growth

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

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.