ASM International (OTCMKTS:ASMIY) Raised to “Strong-Buy” at UBS Group

ASM International (OTCMKTS:ASMIY) was upgraded by research analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. 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. HSBC upgraded shares of ASM International to a “buy” rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating, two have given a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $561.00.

ASM International Stock Performance

Shares of ASMIY opened at $542.28 on Wednesday. The stock has a market capitalization of $26.62 billion, a PE ratio of 44.85 and a beta of 1.82. The company has a 50 day moving average price of $482.60 and a 200-day moving average price of $535.93. ASM International has a fifty-two week low of $372.61 and a fifty-two week high of $813.23.

ASM International (OTCMKTS:ASMIY) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $4.11 earnings per share (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 analysts’ expectations of $1 billion. ASM International had a net margin of 19.98% and a return on equity of 17.10%. Equities research analysts forecast 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.