ASM International (OTCMKTS:ASMIY) Stock Rating Upgraded by Hsbc Global Res

ASM International (OTCMKTS:ASMIY) was upgraded by Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

ASM International Stock Performance

Shares of OTCMKTS:ASMIY opened at $504.40 on Friday. ASM International has a 52 week low of $372.61 and a 52 week high of $813.23. The firm has a market cap of $24.76 billion, a PE ratio of 41.72 and a beta of 1.82. The firm’s fifty day moving average is $474.98 and its 200-day moving average is $538.95.

ASM International (OTCMKTS:ASMIY) last announced 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 company had revenue of $955.30 million for the quarter, compared to analyst estimates of $1 billion. ASM International had a return on equity of 17.10% and a net margin of 19.98%. Sell-side analysts forecast that ASM International will post 14.46 EPS for the current year.

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 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.