ASM International (OTCMKTS:ASMIY) Upgraded at UBS Group

ASM International (OTCMKTS:ASMIY - Get Free Report) was upgraded by investment analysts at UBS Group from a "hold" rating to a "strong-buy" rating in a report released on Wednesday,Zacks.com reports.

Several other brokerages also recently weighed in on ASMIY. Hsbc Global Res upgraded ASM International from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 2nd. HSBC upgraded ASM International to a "buy" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, ASM International has an average rating of "Buy" and an average price target of $561.00.

ASM International Stock Performance

ASM International stock traded down $5.85 during midday trading on Wednesday, reaching $535.40. The stock had a trading volume of 26,281 shares, compared to its average volume of 7,667. The firm's fifty day simple moving average is $484.10 and its 200-day simple moving average is $535.55. ASM International has a 1-year low of $372.61 and a 1-year high of $813.23. The stock has a market capitalization of $26.28 billion, a P/E ratio of 44.28 and a beta of 1.82.

ASM International (OTCMKTS:ASMIY - Get Free Report) last posted its 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 17.10% and a net margin of 19.98%. The business had revenue of $955.30 million for the quarter, compared to analyst estimates of $1 billion. On average, sell-side analysts anticipate that ASM International will post 14.46 earnings per share for the current fiscal year.

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.