ASM International (OTCMKTS:ASMIY) Shares Down 7.3% on Disappointing Earnings

ASM International NV (OTCMKTS:ASMIY - Get Free Report)'s share price fell 7.3% on Tuesday after the company announced weaker than expected quarterly earnings. The company traded as low as $560.01 and last traded at $562.61. 3,103 shares were traded during mid-day trading, a decline of 67% from the average session volume of 9,292 shares. The stock had previously closed at $606.83.

The company reported $3.99 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.76). ASM International had a return on equity of 20.34% and a net margin of 16.36%. The business had revenue of $979.62 million for the quarter, compared to analyst estimates of $966.88 million.

ASM International Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, May 21st. Investors of record on Friday, May 16th were issued a $2.6456 dividend. This represents a yield of 0.49%. This is an increase from ASM International's previous dividend of $2.56. The ex-dividend date was Thursday, May 15th. ASM International's dividend payout ratio is presently 26.75%.

Analyst Ratings Changes

A number of research firms have recently issued reports on ASMIY. UBS Group raised shares of ASM International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 21st. Barclays upgraded ASM International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 3rd. Hsbc Global Res upgraded ASM International from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 2nd. HSBC upgraded ASM International to a "buy" rating in a research note on Friday, May 2nd. Finally, Jefferies Financial Group downgraded ASM International to a "hold" rating in a research note on Thursday, June 26th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $561.00.

ASM International Stock Down 4.1%

The firm's 50-day simple moving average is $586.64 and its 200-day simple moving average is $547.11. The firm has a market capitalization of $26.36 billion, a PE ratio of 45.58 and a beta of 1.83.

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.