ASM International NV (OTCMKTS:ASMIY) Receives Average Rating of "Strong Buy" from Analysts

Shares of ASM International NV (OTCMKTS:ASMIY - Get Free Report) have been assigned a consensus recommendation of "Strong Buy" from the seven research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, one has issued a buy rating and five have issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $561.00.

Several equities research analysts recently issued reports on the company. Hsbc Global Res raised ASM International from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Barclays raised ASM International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 3rd. UBS Group upgraded shares of ASM International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 21st. Finally, HSBC raised shares of ASM International to a "buy" rating in a research report on Friday, May 2nd.

ASM International Stock Performance

Shares of OTCMKTS:ASMIY opened at $623.12 on Wednesday. The company has a market capitalization of $30.59 billion, a PE ratio of 58.90 and a beta of 1.82. The stock has a fifty day moving average of $537.65 and a 200-day moving average of $542.28. ASM International has a one year low of $372.61 and a one year high of $813.23.

ASM International (OTCMKTS:ASMIY - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $4.11 earnings per share for the quarter, missing analysts' consensus estimates of $4.23 by ($0.12). ASM International had a return on equity of 20.14% and a net margin of 15.53%. The company had revenue of $955.30 million during the quarter, compared to analysts' expectations of $1 billion. As a group, research analysts forecast that ASM International will post 14.46 EPS for the current fiscal year.

ASM International Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, May 21st. Shareholders of record on Friday, May 16th were given a $2.6456 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a dividend yield of 0.49%. This is an increase from ASM International's previous dividend of $2.56. ASM International's dividend payout ratio (DPR) is currently 26.75%.

About ASM International

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.