ASM International NV (OTCMKTS:ASMIY) to Issue Dividend of $2.65

ASM International NV (OTCMKTS:ASMIY - Get Free Report) announced a dividend on Tuesday, May 13th, investing.com reports. Stockholders of record on Friday, May 16th will be given a dividend of 2.6456 per share on Wednesday, May 21st. This represents a dividend yield of 0.49%. The ex-dividend date of this dividend is Thursday, May 15th. This is a 3.5% increase from ASM International's previous dividend of $2.56.

ASM International Price Performance

ASMIY traded down $3.63 on Friday, hitting $546.05. The company had a trading volume of 11,733 shares, compared to its average volume of 7,462. ASM International has a 52-week low of $372.61 and a 52-week high of $813.23. The stock has a fifty day simple moving average of $478.33 and a 200-day simple moving average of $536.21. The firm has a market capitalization of $26.81 billion, a P/E ratio of 45.17 and a beta of 1.82.

ASM International (OTCMKTS:ASMIY - Get Free Report) last issued its quarterly earnings data 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 return on equity of 17.10% and a net margin of 19.98%. The company had revenue of $955.30 million during the quarter, compared to analysts' expectations of $1 billion. Equities research analysts expect that ASM International will post 14.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on ASMIY. HSBC raised shares of ASM International to a "buy" rating in a research note 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. One analyst has rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price 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.