ASM International (OTCMKTS:ASMIY) Sees Strong Trading Volume - Still a Buy?

ASM International NV (OTCMKTS:ASMIY - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 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.

Analyst Ratings Changes

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

ASM International Stock Up 1.4%

The company has a market cap of $30.02 billion, a PE ratio of 57.79 and a beta of 1.83. The stock has a 50-day moving average of $570.15 and a 200-day moving average of $546.49.

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

ASM International Increases Dividend

The company 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. This represents a yield of 0.49%. The ex-dividend date was Thursday, May 15th. This is a boost from ASM International's previous dividend of $2.56. ASM International's dividend payout ratio is currently 26.75%.

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.