ASM International (OTCMKTS:ASMIY) Shares Gap Down - Here's Why

Shares of ASM International NV (OTCMKTS:ASMIY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $615.01, but opened at $599.23. ASM International shares last traded at $585.94, with a volume of 578 shares changing hands.

Analyst Ratings Changes

Several analysts recently commented on ASMIY shares. Barclays upgraded ASM International from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 3rd. HSBC upgraded ASM International to a "buy" rating in a report on Friday, May 2nd. Jefferies Financial Group cut ASM International to a "hold" rating in a report on Thursday, June 26th. Hsbc Global Res upgraded ASM International from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd. Finally, UBS Group upgraded ASM International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 21st. Two equities research 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $561.00.

ASM International Stock Performance

The stock has a market capitalization of $29.63 billion, a P/E ratio of 57.06 and a beta of 1.83. The business has a fifty day simple moving average of $585.36 and a 200-day simple moving average of $547.19.

ASM International (OTCMKTS:ASMIY - Get Free Report) last posted 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). The business had revenue of $955.30 million for the quarter, compared to the consensus estimate of $1 billion. ASM International had a return on equity of 20.14% and a net margin of 15.53%. On average, sell-side analysts anticipate that ASM International NV will post 14.46 earnings per share 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 given 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 of this dividend was Thursday, May 15th. ASM International's dividend payout ratio is presently 26.75%.

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.