ASM International (OTCMKTS:ASMIY) Shares Gap Up - Time to Buy?

Key Points

• ASM International's stock opened at $518.08 after a gap up, following a previous close at $500.85, indicative of positive market sentiment.
• The company recently reported an earnings per share (EPS) of $3.99, which was $0.76 below analysts' consensus estimates, despite revenue surpassing expectations at $979.62 million.
• ASM International has seen multiple upgrades from analysts, including a strong-buy rating from UBS Group and Barclays, contributing to a consensus target price of $561.00.

ASM International NV (OTCMKTS:ASMIY - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $500.85, but opened at $518.08. ASM International shares last traded at $518.09, with a volume of 450 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. UBS Group upgraded shares of ASM International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of ASM International in a research note on Thursday. HSBC upgraded ASM International to a "buy" rating in a research note on Friday, May 2nd. Jefferies Financial Group lowered ASM International to a "hold" rating in a research note on Thursday, June 26th. Finally, Barclays upgraded ASM International from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 3rd. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and five have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, ASM International has an average rating of "Buy" and a consensus target price of $561.00.

ASM International Stock Up 3.5%

The business's 50-day simple moving average is $584.65 and its two-hundred day simple moving average is $544.91. The firm has a market cap of $25.46 billion, a price-to-earnings ratio of 44.03 and a beta of 1.83.

ASM International (OTCMKTS:ASMIY - Get Free Report) last released 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). The company had revenue of $979.62 million for the quarter, compared to analysts' expectations of $966.88 million. ASM International had a return on equity of 20.34% and a net margin of 16.36%. On average, analysts expect that ASM International NV will post 14.46 earnings per share for the current year.

ASM International Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, May 21st. Investors of record on Friday, May 16th were paid a dividend of $2.6456 per share. This represents a yield of 0.49%. The ex-dividend date was Thursday, May 15th. This is a boost from ASM International's previous dividend of $2.56. ASM International's dividend payout ratio is currently 24.02%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.