ASM International (OTCMKTS:ASMIY) Stock Price Down 1.2% - What's Next?

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) shares were down 1.2% during trading on Monday . The stock traded as low as $485.08 and last traded at $485.17. Approximately 7,282 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 9,308 shares. The stock had previously closed at $491.12.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ASMIY shares. UBS Group upgraded ASM International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 21st. HSBC raised shares of ASM International to a "buy" rating in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of ASM International in a research note on Thursday, July 24th. Jefferies Financial Group downgraded shares of ASM International to a "hold" rating in a research note on Thursday, June 26th. Finally, Hsbc Global Res raised shares of ASM International from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and five have given a strong buy rating to the company's stock. According to MarketBeat.com, ASM International presently has an average rating of "Buy" and a consensus target price of $561.00.

ASM International Trading Down 2.9%

The stock's fifty day moving average price is $569.82 and its 200-day moving average price is $533.43. The firm has a market cap of $23.84 billion, a price-to-earnings ratio of 41.23 and a beta of 1.85.

ASM International (OTCMKTS:ASMIY - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $979.62 million for the quarter, compared to analyst estimates of $966.88 million. ASM International had a return on equity of 20.14% and a net margin of 16.36%. Analysts predict 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.