ASM International (OTCMKTS:ASMIY) Shares Gap Down Following Weak Earnings

ASM International NV (OTCMKTS:ASMIY - Get Free Report) shares gapped down prior to trading on Wednesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $560.00, but opened at $540.49. ASM International shares last traded at $543.83, with a volume of 687 shares traded.

The company reported $3.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.75 by ($0.76). The business had revenue of $979.62 million during the quarter, compared to analyst estimates of $966.88 million. ASM International had a net margin of 16.36% and a return on equity of 20.34%.

ASM International Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, May 21st. Stockholders of record on Friday, May 16th were issued a $2.6456 dividend. This is an increase from ASM International's previous dividend of $2.56. This represents a dividend yield of 0.49%. The ex-dividend date of this dividend was Thursday, May 15th. ASM International's dividend payout ratio is presently 24.02%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group downgraded ASM International to a "hold" rating in a report on Thursday, June 26th. Barclays raised ASM International from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 3rd. Hsbc Global Res raised ASM International from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd. HSBC raised ASM International to a "buy" rating in a report on Friday, May 2nd. Finally, UBS Group raised ASM International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 21st. Two analysts have rated the stock with a hold rating, one has given a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $561.00.

ASM International Price Performance

The company has a 50-day simple moving average of $585.55 and a 200-day simple moving average of $546.67. The stock has a market cap of $24.73 billion, a PE ratio of 42.76 and a beta of 1.83.

ASM International Company Profile

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.