ASM International (ASMIY) to Release Earnings on Tuesday

ASM International (OTCMKTS:ASMIY) is expected to be issuing its results before the market opens on Tuesday, March 3rd. Analysts expect the company to announce earnings of $3.14 per share for the quarter.

ASM International Trading Up 0.8%

Shares of OTCMKTS ASMIY opened at $846.83 on Monday. The stock has a fifty day simple moving average of $768.01 and a 200-day simple moving average of $643.87. ASM International has a twelve month low of $372.61 and a twelve month high of $877.36. The stock has a market capitalization of $41.57 billion, a PE ratio of 46.86 and a beta of 1.91.

Wall Street Analysts Forecast Growth

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

About ASM International

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.