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

ASM International NV (OTCMKTS:ASMIY - Get Free Report) has earned an average recommendation of "Strong Buy" from the eight research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, two have given a buy recommendation and five have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $561.00.

A number of equities analysts have issued reports on the company. UBS Group upgraded ASM International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 21st. Barclays upgraded ASM International from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Hsbc Global Res upgraded ASM International from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd. Finally, HSBC upgraded ASM International to a "buy" rating in a report on Friday, May 2nd.

ASM International Price Performance

Shares of ASMIY stock traded up $5.80 during trading hours on Friday, reaching $560.87. The company had a trading volume of 5,882 shares, compared to its average volume of 8,566. The company has a 50 day moving average of $493.59 and a 200 day moving average of $535.87. The firm has a market cap of $27.53 billion, a price-to-earnings ratio of 46.39 and a beta of 1.82. ASM International has a 1-year low of $372.61 and a 1-year high of $813.23.

ASM International (OTCMKTS:ASMIY - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $4.11 EPS for the quarter, missing analysts' consensus estimates of $4.23 by ($0.12). ASM International had a net margin of 19.98% and a return on equity of 17.10%. The firm had revenue of $955.30 million during the quarter, compared to the consensus estimate of $1 billion. As a group, sell-side analysts forecast that ASM International will post 14.46 EPS for the current fiscal year.

ASM International Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, May 21st. Shareholders of record on Friday, May 16th were paid a $2.6456 dividend. This represents a yield of 0.49%. This is a boost from ASM International's previous dividend of $2.56. The ex-dividend date of this dividend was Thursday, May 15th. 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.