ASM International (OTCMKTS:ASMIY) Sees Large Volume Increase - Time to Buy?

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

Analyst Upgrades and Downgrades

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

ASM International Trading Up 2.3%

The company has a fifty day moving average price of $572.73 and a two-hundred day moving average price of $546.67. The company has a market cap of $30.28 billion, a price-to-earnings ratio of 58.30 and a beta of 1.83.

ASM International (OTCMKTS:ASMIY - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $4.11 EPS for the quarter, missing analysts' consensus estimates of $4.23 by ($0.12). The business had revenue of $955.30 million during the quarter, compared to analyst estimates of $1 billion. ASM International had a return on equity of 20.14% and a net margin of 15.53%. Sell-side analysts anticipate that ASM International NV will post 14.46 EPS for the current fiscal year.

ASM International Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, May 21st. Stockholders of record on Friday, May 16th were given 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 an increase from ASM International's previous dividend of $2.56. ASM International's payout ratio 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.