ASM International (OTCMKTS:ASMIY) Upgraded at Zacks Research

Zacks Research upgraded shares of ASM International (OTCMKTS:ASMIY) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other equities analysts have also weighed in on ASMIY. Morgan Stanley reaffirmed an “overweight” rating on shares of ASM International in a research note on Friday, January 16th. BNP Paribas Exane raised ASM International to an “outperform” rating in a report on Monday, February 2nd. Citigroup restated a “buy” rating on shares of ASM International in a research report on Tuesday, January 20th. Barclays reissued an “overweight” rating on shares of ASM International in a research note on Monday, January 26th. Finally, Jefferies Financial Group downgraded shares of ASM International from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

ASM International Stock Down 4.7%

Shares of ASMIY opened at $745.33 on Wednesday. The business has a 50-day simple moving average of $818.59 and a two-hundred day simple moving average of $685.50. The stock has a market cap of $36.59 billion, a price-to-earnings ratio of 43.56 and a beta of 1.91. ASM International has a 52 week low of $372.61 and a 52 week high of $877.36.

ASM International (OTCMKTS:ASMIY) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported $4.02 earnings per share for the quarter, beating analysts’ consensus estimates of $3.37 by $0.65. The firm had revenue of $808.18 million for the quarter, compared to analysts’ expectations of $815.67 million. ASM International had a return on equity of 19.77% and a net margin of 23.51%. On average, equities analysts anticipate that ASM International will post 14.46 earnings per share for the current fiscal year.

ASM International Company Profile

ASM International (OTCMKTS: ASMIY) is a Netherlands-based supplier of wafer processing equipment for the global semiconductor industry. The company develops and manufactures systems used in the deposition and formation of thin films on semiconductor wafers, with a strong reputation for atomic layer deposition (ALD) technology. Its equipment is used in the production of advanced logic, memory, power devices and related semiconductor components where precise control of film thickness and composition is critical.

ASM’s product portfolio centers on deposition and epitaxy platforms that support a range of process chemistries and materials, including ALD and other chemical vapor deposition techniques.