ASM International (OTCMKTS:ASMIY) Stock Price Down 1.2% - Should You Sell?

Key Points

• ASM International's shares fell by 1.2% to $485.17 amid a trading volume decline of 22% from its average session volume.
• Equity analysts are optimistic about ASM International, with multiple upgrades leading to a consensus average rating of "Buy" and a target price of $561.00.
• Despite reporting lower-than-expected earnings of $3.99 per share, ASM International's revenue of $979.62 million surpassed analyst estimates of $966.88 million.

ASM International NV (OTCMKTS:ASMIY - Get Free Report)'s stock price was down 1.2% on Monday . The stock traded as low as $485.08 and last traded at $485.17. Approximately 7,282 shares changed hands during trading, a decline of 22% from the average daily volume of 9,308 shares. The stock had previously closed at $491.12.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ASMIY shares. 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 report 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. Hsbc Global Res raised ASM International from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 2nd. 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, two have assigned a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $561.00.

ASM International Trading Up 3.7%

The company has a market cap of $24.69 billion, a P/E ratio of 42.69 and a beta of 1.85. The business has a 50 day moving average price of $572.23 and a 200-day moving average price of $534.10.

ASM International (OTCMKTS:ASMIY - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $3.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.75 by ($0.76). The company had revenue of $979.62 million for the quarter, compared to the consensus estimate of $966.88 million. ASM International had a return on equity of 20.14% and a net margin of 16.36%. On average, sell-side analysts expect that ASM International NV will post 14.46 earnings per share for the current year.

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.