ASM International (OTCMKTS:ASMIY) Sees Large Volume Increase - Here's What Happened

Shares of ASM International NV (OTCMKTS:ASMIY - Get Free Report) saw an uptick in trading volume on Wednesday . 22,418 shares traded hands during mid-day 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.

Analyst Upgrades and Downgrades

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

ASM International Price Performance

The firm has a market cap of $29.71 billion, a P/E ratio of 57.20 and a beta of 1.83. The stock has a 50 day moving average of $567.84 and a 200 day moving average of $546.10.

ASM International (OTCMKTS:ASMIY - Get Free Report) last released its earnings results 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 15.53% and a return on equity of 20.14%. The firm had revenue of $955.30 million during the quarter, compared to the consensus estimate of $1 billion. On average, research analysts predict that ASM International NV will post 14.46 EPS for the current fiscal year.

ASM International Increases Dividend

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

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