ASM International (OTCMKTS:ASMIY) Sees Large Volume Increase - Should You Buy?

Shares of ASM International NV (OTCMKTS:ASMIY - Get Free Report) saw an uptick in trading volume on Wednesday . 22,418 shares changed hands during trading, an increase of 154% from the previous session's volume of 8,811 shares.The stock last traded at $601.72 and had previously closed at $604.08.

Analysts Set New Price Targets

Several research firms have recently issued reports on ASMIY. Hsbc Global Res upgraded shares of ASM International from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd. UBS Group upgraded shares of ASM International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 21st. Barclays upgraded shares of ASM International from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 3rd. Jefferies Financial Group cut shares of ASM International to a "hold" rating in a research note on Thursday, June 26th. Finally, HSBC raised shares of ASM International to a "buy" rating in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and five have issued a strong buy rating to the company's stock. According to MarketBeat.com, ASM International presently has an average rating of "Buy" and an average target price of $561.00.

ASM International Stock Down 0.6%

The company has a market cap of $30.09 billion, a price-to-earnings ratio of 57.94 and a beta of 1.83. The company's fifty day moving average price is $574.90 and its two-hundred day moving average price is $546.38.

ASM International (OTCMKTS:ASMIY - Get Free Report) last released 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 15.53% and a return on equity of 20.14%. The company had revenue of $955.30 million for the quarter, compared to the consensus estimate of $1 billion. Research analysts forecast that ASM International NV will post 14.46 earnings per share for the current year.

ASM International Increases Dividend

The business also recently declared 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. This is a boost from ASM International's previous dividend of $2.56. This represents a dividend yield of 0.49%. The ex-dividend date of this dividend was Thursday, May 15th. ASM International's dividend payout ratio is 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.