Short Interest in ASM International NV (OTCMKTS:ASMIY) Drops By 65.6%

ASM International NV (OTCMKTS:ASMIY) was the recipient of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 1,100 shares, a decline of 65.6% from the May 15th total of 3,200 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 39,300 shares, the days-to-cover ratio is currently 0.0 days.

ASM International Price Performance

OTCMKTS ASMIY opened at $597.57 on Friday. ASM International has a 1 year low of $372.61 and a 1 year high of $813.23. The stock has a market capitalization of $29.34 billion, a PE ratio of 49.43 and a beta of 1.82. The company’s 50 day simple moving average is $517.58 and its two-hundred day simple moving average is $539.24.

ASM International (OTCMKTS:ASMIY) last released its quarterly earnings results on Tuesday, April 29th. The company reported $4.11 earnings per share for the quarter, missing the consensus estimate of $4.23 by ($0.12). The firm had revenue of $955.30 million during the quarter, compared to the consensus estimate of $1 billion. ASM International had a return on equity of 17.10% and a net margin of 19.98%. On average, research analysts anticipate that ASM International will post 14.46 EPS for the current year.

ASM International Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, May 21st. Stockholders of record on Friday, May 16th were given a dividend of $2.6456 per share. This represents a dividend yield of 0.49%. The ex-dividend date was Thursday, May 15th. This is an increase from ASM International’s previous dividend of $2.56. ASM International’s dividend payout ratio (DPR) is 26.75%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ASMIY. Barclays upgraded ASM International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 3rd. 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 raised shares of ASM International from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 2nd. Finally, HSBC upgraded shares of ASM International to a “buy” rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and five have given a strong buy rating to the company. According to MarketBeat, ASM International has an average rating of “Strong Buy” and an average target price of $561.00.

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.