ASM International (OTCMKTS:ASMIY) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of ASM International (OTCMKTS:ASMIY - Free Report) from a hold rating to a strong-buy rating in a research note published on Friday morning,Zacks.com reports.

ASM International Stock Performance

Shares of ASMIY traded up $18.42 during midday trading on Friday, hitting $508.08. The company had a trading volume of 3,947 shares, compared to its average volume of 7,591. ASM International has a 1 year low of $372.61 and a 1 year high of $813.23. The firm has a market capitalization of $24.94 billion, a P/E ratio of 42.02 and a beta of 1.82. The company's 50-day simple moving average is $472.09 and its 200-day simple moving average is $537.84.

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). The business had revenue of $955.30 million during the quarter, compared to analysts' expectations of $1 billion. ASM International had a net margin of 19.98% and a return on equity of 17.10%. Equities analysts predict that ASM International will post 14.46 earnings per share for the current fiscal 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.