ASM International (OTCMKTS:ASMIY) Sees Strong Trading Volume - Here's What Happened

ASM International NV (OTCMKTS:ASMIY - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 16,866 shares changed hands during trading, an increase of 86% from the previous session's volume of 9,053 shares.The stock last traded at $601.45 and had previously closed at $595.00.

Analysts Set New Price Targets

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

ASM International Trading Up 1.1%

The stock has a 50-day simple moving average of $581.48 and a 200-day simple moving average of $546.95. The company has a market capitalization of $29.54 billion, a price-to-earnings ratio of 56.87 and a beta of 1.83.

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

ASM International Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, May 21st. Investors of record on Friday, May 16th were given a dividend of $2.6456 per share. This is a positive change from ASM International's previous dividend of $2.56. This represents a dividend yield of 0.49%. The ex-dividend date was Thursday, May 15th. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.