ASM International NV (OTCMKTS:ASMIY) Receives $561.00 Consensus Target Price from Brokerages

ASM International NV (OTCMKTS:ASMIY - Get Free Report) has received an average recommendation of "Buy" from the eight ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and five have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $561.00.

ASMIY has been the topic of several analyst reports. Hsbc Global Res raised shares of ASM International from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 2nd. HSBC raised shares of ASM International to a "buy" rating in a research report on Friday, May 2nd. UBS Group raised shares of ASM International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 21st. Barclays raised shares of ASM International from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 3rd. Finally, Jefferies Financial Group lowered shares of ASM International to a "hold" rating in a research note on Thursday, June 26th.

ASM International Trading Down 5.4%

Shares of ASM International stock traded down $30.12 during trading hours on Friday, reaching $529.89. 3,468 shares of the company's stock were exchanged, compared to its average volume of 9,279. ASM International has a fifty-two week low of $372.61 and a fifty-two week high of $726.43. The stock has a market cap of $26.01 billion, a P/E ratio of 50.08 and a beta of 1.83. The company has a 50 day moving average of $586.64 and a two-hundred day moving average of $547.11.

ASM International (OTCMKTS:ASMIY - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $3.99 earnings per share for the quarter, missing analysts' consensus estimates of $4.75 by ($0.76). The business had revenue of $979.62 million during the quarter, compared to analyst estimates of $966.88 million. ASM International had a net margin of 15.53% and a return on equity of 20.14%. As a group, analysts expect that ASM International will post 14.46 earnings per share for the current fiscal year.

ASM International Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, May 21st. Investors of record on Friday, May 16th were paid a dividend of $2.6456 per share. The ex-dividend date was Thursday, May 15th. This represents a yield of 0.49%. This is a positive change from ASM International's previous dividend of $2.56. ASM International's payout ratio is presently 26.75%.

ASM International Company Profile

ASM International NV, together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices in Europe, the United States, and Asia. The company's products include wafer processing deposition systems for atomic layer deposition (ALD), epitaxy, silicon carbide, plasma enhanced chemical vapor deposition (PECVD), and vertical furnace systems, including low pressure chemical vapor deposition (LPCVD), diffusion, and oxidation products, as well as provides spare parts and support services.