ASM International NV (OTCMKTS:ASMIY) Short Interest Down 65.6% in May

ASM International NV (OTCMKTS:ASMIY - Get Free Report) saw a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 1,100 shares, a drop of 65.6% from the May 15th total of 3,200 shares. Based on an average trading volume of 39,300 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company's shares are sold short.

ASM International Stock Performance

ASM International stock traded down $10.44 during trading on Friday, reaching $597.57. The company had a trading volume of 3,114 shares, compared to its average volume of 9,234. ASM International has a 12-month low of $372.61 and a 12-month high of $813.23. The stock's 50 day moving average price is $513.16 and its two-hundred day moving average price is $538.66. The firm has a market capitalization of $29.34 billion, a price-to-earnings ratio of 49.43 and a beta of 1.82.

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

ASM International Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ASMIY shares. HSBC upgraded shares of ASM International to a "buy" rating in a report on Friday, May 2nd. Hsbc Global Res raised shares of ASM International from a "hold" rating to a "strong-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. Finally, Barclays upgraded ASM International from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 3rd. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat.com, ASM International presently has an average rating of "Strong Buy" and a consensus price target of $561.00.

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.