ASM International (OTCMKTS:ASMIY) Trading Down 7.3% on Disappointing Earnings

Shares of ASM International NV (OTCMKTS:ASMIY) were down 7.3% during mid-day trading on Tuesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $560.01 and last traded at $562.61. Approximately 3,103 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 9,292 shares. The stock had previously closed at $606.83.

The company reported $4.11 EPS for the quarter, missing analysts’ consensus estimates of $4.23 by ($0.12). ASM International had a net margin of 15.53% and a return on equity of 20.14%. The company had revenue of $955.30 million for the quarter, compared to analyst estimates of $1 billion.

ASM International Increases Dividend

The business also recently declared 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 is a boost from ASM International’s previous dividend of $2.56. This represents a dividend yield of 0.49%. The ex-dividend date of this dividend was Thursday, May 15th. ASM International’s dividend payout ratio is 26.75%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ASMIY. HSBC raised shares of ASM International to a “buy” rating in a research report on Friday, May 2nd. UBS Group upgraded shares of ASM International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 21st. 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. Jefferies Financial Group cut shares of ASM International to a “hold” rating in a research report on Thursday, June 26th. Finally, Barclays raised shares of ASM International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 3rd. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat, ASM International presently has an average rating of “Buy” and a consensus target price of $561.00.

ASM International Stock Down 7.7%

The business’s 50-day moving average price is $586.64 and its 200 day moving average price is $547.11. The company has a market capitalization of $27.49 billion, a P/E ratio of 52.93 and a beta of 1.83.

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.