ASM International (ASMIY) Expected to Release Earnings on Tuesday

ASM International (OTCMKTS:ASMIY) is anticipated to release its resultson Tuesday, July 28th. Analysts expect ASM International to announce earnings of $6.87 per share and revenue of $1.1452 billion for the quarter.

ASM International Stock Down 2.4%

Shares of ASM International stock opened at $969.53 on Friday. ASM International has a 52 week low of $463.86 and a 52 week high of $1,248.72. The business’s fifty day simple moving average is $1,065.91 and its 200-day simple moving average is $922.86. The firm has a market cap of $47.39 billion, a PE ratio of 41.40 and a beta of 1.99.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ASMIY. Zacks Research downgraded ASM International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Barclays reaffirmed an “overweight” rating on shares of ASM International in a research report on Thursday, June 11th. Morgan Stanley reaffirmed an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASM International in a research report on Friday, July 10th. Finally, Citigroup reissued a “buy” rating on shares of ASM International in a research note on Thursday, April 23rd. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

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.