ASM International NV (OTCMKTS:ASMIY) Given Consensus Recommendation of “Buy” by Analysts

ASM International NV (OTCMKTS:ASMIY – Get Rating) has received an average rating of “Buy” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $384.67.

Several research analysts have commented on ASMIY shares. Jefferies Financial Group started coverage on shares of ASM International in a report on Thursday, February 17th. They set a “buy” rating for the company. UBS Group initiated coverage on shares of ASM International in a report on Friday. They set a “buy” rating for the company. Barclays upgraded shares of ASM International from an “equal weight” rating to an “overweight” rating and set a $425.00 target price for the company in a report on Tuesday, April 12th. Redburn Partners cut shares of ASM International from a “buy” rating to a “neutral” rating in a report on Friday, March 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of ASM International from €438.00 ($461.05) to €379.00 ($398.95) in a report on Thursday, February 24th.

OTCMKTS ASMIY traded down $15.17 on Friday, hitting $303.25. 6,591 shares of the stock were exchanged, compared to its average volume of 54,859. ASM International has a fifty-two week low of $273.01 and a fifty-two week high of $497.06. The company has a market cap of $14.73 billion, a PE ratio of 27.90 and a beta of 1.55. The company has a 50-day moving average price of $332.36 and a 200-day moving average price of $382.13.

ASM International (OTCMKTS:ASMIY – Get Rating) last posted its quarterly earnings results on Tuesday, February 22nd. The company reported $3.23 EPS for the quarter, missing the consensus estimate of $3.35 by ($0.12). ASM International had a return on equity of 21.60% and a net margin of 27.67%. The firm had revenue of $561.94 million for the quarter, compared to analyst estimates of $559.43 million. Analysts forecast that ASM International will post 13.71 EPS for the current fiscal year.

ASM International Company Profile (Get Rating)

ASM International NV, together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of equipment and materials that are used to produce semiconductor devices in the United States, Europe, and Asia. Its products include wafer processing deposition systems for single-wafer atomic layer deposition, plasma enhanced chemical vapor deposition, epitaxy, and batch diffusion/furnace systems, as well as provides spare parts and support services.

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