ASM International (OTCMKTS:ASMIY) Shares Gap Down - Time to Sell?

ASM International NV (OTCMKTS:ASMIY - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $621.14, but opened at $594.92. ASM International shares last traded at $600.43, with a volume of 334 shares.

Analysts Set New Price Targets

Several analysts have commented on ASMIY shares. Barclays raised shares of ASM International from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 3rd. UBS Group upgraded shares of ASM International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 21st. HSBC raised ASM International to a "buy" rating in a research report on Friday, May 2nd. 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 note on Thursday, June 26th. Two analysts have rated the stock with a hold rating, one has given a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat, ASM International presently has an average rating of "Buy" and a consensus price target of $561.00.

ASM International Trading Down 1.5%

The firm has a 50-day simple moving average of $559.05 and a two-hundred day simple moving average of $545.62. The company has a market capitalization of $30.03 billion, a price-to-earnings ratio of 57.83 and a beta of 1.83.

ASM International (OTCMKTS:ASMIY - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $4.11 EPS for the quarter, missing the consensus estimate of $4.23 by ($0.12). ASM International had a return on equity of 20.14% and a net margin of 15.53%. The company had revenue of $955.30 million for the quarter, compared to analyst estimates of $1 billion. Equities research analysts anticipate that ASM International NV will post 14.46 EPS for the current year.

ASM International Increases Dividend

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