ASM International (OTCMKTS:ASMIY) Earns Neutral Rating from Analysts at BNP Paribas

Research analysts at BNP Paribas assumed coverage on shares of ASM International (OTCMKTS:ASMIY) in a research note issued on Tuesday,Briefing.com Automated Import reports. The brokerage set a “neutral” rating and a $561.00 price target on the stock. BNP Paribas’ price target points to a potential upside of 3.80% from the stock’s current price.

A number of other brokerages have also weighed in on ASMIY. Berenberg Bank raised ASM International to a “strong-buy” rating in a research report on Wednesday, October 2nd. Citigroup upgraded shares of ASM International to a “strong-buy” rating in a report on Wednesday, October 2nd.

ASM International Price Performance

Shares of OTCMKTS:ASMIY opened at $540.47 on Tuesday. The business’s 50 day moving average price is $577.16 and its 200-day moving average price is $654.16. The firm has a market capitalization of $26.66 billion, a price-to-earnings ratio of 44.70 and a beta of 1.61. ASM International has a 1 year low of $465.65 and a 1 year high of $813.23.

ASM International (OTCMKTS:ASMIY) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $2.98 earnings per share for the quarter, missing analysts’ consensus estimates of $4.21 by ($1.23). ASM International had a return on equity of 17.38% and a net margin of 19.98%. The company had revenue of $855.69 million during the quarter. On average, sell-side 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.