ASM International (OTCMKTS:ASMIY) Shares Gap Up - Here's What Happened

Key Points

• ASM International's stock gapped up significantly from a closing price of $546.99 to an opening price of $586.59, reflecting a strong market interest.
• Analysts have a mixed outlook with five rating the stock as a Strong Buy, while one has a Sell rating, with an average price target of $561.00.
• The company reported Q2 earnings with an EPS of $3.99, falling short of the $4.75 consensus estimate, but exceeding revenue expectations of $966.88 million.

ASM International NV (OTCMKTS:ASMIY - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $546.99, but opened at $586.59. ASM International shares last traded at $586.87, with a volume of 545 shares trading hands.

Analyst Upgrades and Downgrades

ASMIY has been the subject of a number of recent research reports. Barclays upgraded ASM International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 3rd. Jefferies Financial Group downgraded ASM International to a "hold" rating in a research report on Thursday, June 26th. Zacks Research lowered ASM International from a "hold" rating to a "strong sell" rating in a research note on Monday, August 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of ASM International in a research note on Thursday, July 24th. Five equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $561.00.

ASM International Stock Performance

The firm has a market cap of $28.48 billion, a PE ratio of 36.06 and a beta of 1.91. The stock has a 50 day simple moving average of $512.35 and a two-hundred day simple moving average of $520.56.

ASM International (OTCMKTS:ASMIY - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported $3.99 EPS for the quarter, missing analysts' consensus estimates of $4.75 by ($0.76). ASM International had a net margin of 16.36% and a return on equity of 20.14%. The business had revenue of $979.62 million for the quarter, compared to analyst estimates of $966.88 million. ASM International has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts forecast that ASM International NV will post 14.46 earnings per share for the current year.

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.