Zacks Research Upgrades ASM International (OTCMKTS:ASMIY) to Strong-Buy

ASM International (OTCMKTS:ASMIY) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

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

ASM International Stock Down 3.6%

Shares of ASMIY opened at $781.98 on Wednesday. ASM International has a 12-month low of $372.61 and a 12-month high of $877.36. The firm has a market capitalization of $38.39 billion, a price-to-earnings ratio of 45.70 and a beta of 1.91. The stock’s 50-day moving average price is $819.71 and its 200 day moving average price is $683.77.

ASM International (OTCMKTS:ASMIY) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $4.02 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.65. ASM International had a return on equity of 19.77% and a net margin of 23.51%.The company had revenue of $808.18 million during the quarter, compared to the consensus estimate of $815.67 million. Equities research analysts expect that ASM International will post 14.46 EPS for the current 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.