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

Key Points

• ASM International NV has received a consensus rating of "Buy" from nine analysts, with two holding ratings, two buying, and five giving a strong buy.
• The company's average 12-month target price among brokers is $561.00, indicating positive expectations for its stock performance.
• In its latest earnings report, ASM International missed analysts' consensus estimates with earnings per share of $3.99, below the expected $4.75, although revenue was slightly above expectations at $979.62 million.

Shares of ASM International NV (OTCMKTS:ASMIY - Get Free Report) have been given a consensus recommendation of "Buy" by the nine research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and five have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $561.00.

A number of equities research analysts have weighed in on the company. HSBC upgraded ASM International to a "buy" rating in a research note on Friday, May 2nd. Jefferies Financial Group downgraded ASM International to a "hold" rating in a report on Thursday, June 26th. Barclays raised ASM International from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of ASM International in a report on Thursday, July 24th. Finally, Hsbc Global Res raised ASM International from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd.

ASM International Trading Down 3.2%

OTCMKTS ASMIY traded down $16.00 during mid-day trading on Thursday, reaching $484.00. 4,384 shares of the company's stock traded hands, compared to its average volume of 7,005. ASM International has a 1-year low of $372.61 and a 1-year high of $690.51. The company has a fifty day simple moving average of $567.97 and a 200-day simple moving average of $532.90. The company has a market cap of $23.76 billion, a price-to-earnings ratio of 41.09 and a beta of 1.85.

ASM International (OTCMKTS:ASMIY - Get Free Report) last issued its quarterly earnings data 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). ASM International had a net margin of 16.36% and a return on equity of 20.14%. The business had revenue of $979.62 million for the quarter, compared to analyst estimates of $966.88 million. Equities research analysts forecast that ASM International will post 14.46 earnings per share for the current fiscal year.

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.