Brokerages Set ASM International NV (OTCMKTS:ASMIY) Price Target at $561.00

ASM International NV (OTCMKTS:ASMIY) has been assigned an average rating of “Buy” from the nine analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, two have given a buy recommendation and five have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $561.00.

Several equities research analysts recently weighed in on ASMIY shares. HSBC upgraded ASM International to a “buy” rating in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASM International in a report on Thursday, July 24th. Jefferies Financial Group lowered ASM International to a “hold” rating in a report on Thursday, June 26th. Barclays upgraded ASM International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 3rd. Finally, Hsbc Global Res upgraded ASM International from a “hold” rating to a “strong-buy” rating in a report on Friday, May 2nd.

ASM International Stock Performance

Shares of OTCMKTS ASMIY opened at $484.00 on Thursday. The stock has a market cap of $23.76 billion, a price-to-earnings ratio of 41.09 and a beta of 1.85. The business has a 50 day simple moving average of $567.97 and a 200 day simple moving average of $532.90. ASM International has a 52 week low of $372.61 and a 52 week high of $690.51.

ASM International (OTCMKTS:ASMIY) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $3.99 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.76). The firm had revenue of $979.62 million during the quarter, compared to the consensus estimate of $966.88 million. ASM International had a net margin of 16.36% and a return on equity of 20.14%. On average, analysts predict 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.