Barclays Upgrades ASM International (OTCMKTS:ASMIY) to Strong-Buy

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

Several other brokerages also recently weighed in on ASMIY. HSBC upgraded shares of ASM International to a “buy” rating in a research note on Friday, May 2nd. Hsbc Global Res upgraded shares of ASM International from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 2nd. Finally, UBS Group upgraded shares of ASM International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating, two have given a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy” and an average target price of $561.00.

ASM International Price Performance

OTCMKTS ASMIY opened at $560.87 on Tuesday. ASM International has a 1 year low of $372.61 and a 1 year high of $813.23. The company has a market capitalization of $27.53 billion, a PE ratio of 46.39 and a beta of 1.82. The company has a fifty day moving average of $493.59 and a two-hundred day moving average of $535.87.

ASM International (OTCMKTS:ASMIY) last released 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). ASM International had a net margin of 19.98% and a return on equity of 17.10%. The company had revenue of $955.30 million during the quarter, compared to analyst estimates of $1 billion. On average, research analysts expect that ASM International will post 14.46 earnings per share 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.