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

ASM International NV (OTCMKTS:ASMIY - Get Free Report) saw an uptick in trading volume on Thursday . 14,133 shares traded hands during mid-day trading, an increase of 55% from the previous session's volume of 9,091 shares.The stock last traded at $628.41 and had previously closed at $633.41.

Wall Street Analyst Weigh In

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

ASM International Stock Down 0.2%

The stock has a 50-day moving average price of $544.92 and a 200 day moving average price of $543.49. The firm has a market capitalization of $31.02 billion, a price-to-earnings ratio of 59.72 and a beta of 1.82.

ASM International (OTCMKTS:ASMIY - Get Free Report) last issued its quarterly 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 return on equity of 20.14% and a net margin of 15.53%. The firm had revenue of $955.30 million during the quarter, compared to analysts' expectations of $1 billion. As a group, equities analysts forecast that ASM International NV will post 14.46 earnings per share for the current fiscal 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 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%.

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.