Analysts Set ASM International NV (OTCMKTS:ASMIY) PT at $561.00

Shares of ASM International NV (OTCMKTS:ASMIY) have earned a consensus recommendation of “Buy” from the seven research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, two have issued a buy rating and four have issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $561.00.

ASMIY has been the subject of a number of recent research reports. UBS Group upgraded shares of ASM International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 21st. HSBC raised shares of ASM International to a “buy” rating in a research note on Friday, May 2nd. Finally, Hsbc Global Res raised ASM International from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 2nd.

ASM International Price Performance

ASM International stock opened at $546.12 on Friday. ASM International has a one year low of $372.61 and a one year high of $813.23. The business has a fifty day moving average price of $490.10 and a 200-day moving average price of $535.57. The firm has a market capitalization of $26.81 billion, a P/E ratio of 45.17 and a beta of 1.82.

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 business had revenue of $955.30 million for the quarter, compared to the consensus estimate of $1 billion. ASM International had a net margin of 19.98% and a return on equity of 17.10%. Sell-side analysts expect that ASM International will post 14.46 earnings per share for the current fiscal year.

ASM International Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, May 21st. Stockholders of record on Friday, May 16th were paid a dividend of $2.6456 per share. This represents a dividend yield of 0.49%. This is an increase from ASM International’s previous dividend of $2.56. The ex-dividend date of this dividend was Thursday, May 15th. ASM International’s dividend payout ratio is 26.75%.

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.