ASM International (OTCMKTS:ASMIY) Upgraded to “Equal Weight” at Barclays

Barclays upgraded shares of ASM International (OTCMKTS:ASMIY) from an underweight rating to an equal weight rating in a research note released on Wednesday morning, FlyOnTheWall reports.

Separately, Sanford C. Bernstein cut shares of ASM International from an outperform rating to a market perform rating in a report on Friday, July 28th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, ASM International currently has an average rating of Moderate Buy and a consensus price target of $341.50.

ASM International Trading Up 1.6 %

OTCMKTS ASMIY opened at $481.53 on Wednesday. The company has a fifty day simple moving average of $452.06 and a two-hundred day simple moving average of $404.07. The stock has a market cap of $23.75 billion, a P/E ratio of 36.21 and a beta of 1.70. ASM International has a 12-month low of $206.20 and a 12-month high of $501.70.

ASM International (OTCMKTS:ASMIY) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $3.52 earnings per share (EPS) for the quarter. The business had revenue of $728.42 million during the quarter. ASM International had a net margin of 23.29% and a return on equity of 23.88%.

About ASM International

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 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, silicon carbide, vertical furnace systems, and low pressure chemical vapor deposition and diffusion products, as well as provides spare parts and support services.