ASM International (OTCMKTS:ASMIY) Rating Increased to Strong-Buy at Barclays

ASM International (OTCMKTS:ASMIY - Get Free Report) was upgraded by research analysts at Barclays from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other equities analysts also recently issued reports on ASMIY. UBS Group upgraded ASM International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 21st. HSBC upgraded ASM International to a "buy" rating in a research note on Friday, May 2nd. Finally, Hsbc Global Res upgraded shares of ASM International from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Strong Buy" and a consensus target price of $561.00.

ASM International Stock Performance

Shares of OTCMKTS:ASMIY traded down $0.26 on Tuesday, hitting $560.61. The stock had a trading volume of 12,461 shares, compared to its average volume of 8,602. The firm's 50 day moving average price is $493.59 and its 200-day moving average price is $535.87. ASM International has a twelve month low of $372.61 and a twelve month high of $813.23. The company has a market capitalization of $27.52 billion, a price-to-earnings ratio of 46.37 and a beta of 1.82.

ASM International (OTCMKTS:ASMIY - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $4.11 EPS for the quarter, missing analysts' consensus estimates of $4.23 by ($0.12). The firm had revenue of $955.30 million during the quarter, compared to analyst estimates of $1 billion. ASM International had a net margin of 19.98% and a return on equity of 17.10%. As a group, sell-side analysts predict that ASM International will post 14.46 EPS 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.