ASM International (OTCMKTS:ASMIY) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of ASM International (OTCMKTS:ASMIY) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

Several other research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASM International in a report on Friday, July 10th. Citigroup reiterated a “buy” rating on shares of ASM International in a research report on Thursday, April 23rd. Morgan Stanley restated an “overweight” rating on shares of ASM International in a report on Friday, July 17th. Finally, Barclays restated an “overweight” rating on shares of ASM International in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, ASM International currently has an average rating of “Moderate Buy”.

ASM International Stock Down 8.0%

Shares of ASMIY stock opened at $845.30 on Monday. The company has a market capitalization of $41.32 billion, a P/E ratio of 36.09 and a beta of 1.99. ASM International has a 12-month low of $463.86 and a 12-month high of $1,248.72. The firm has a 50-day moving average price of $1,061.93 and a 200 day moving average price of $926.71.

ASM International (OTCMKTS:ASMIY) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $6.92 earnings per share for the quarter, topping the consensus estimate of $6.87 by $0.05. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.15 billion. ASM International had a net margin of 31.07% and a return on equity of 20.41%. As a group, research analysts expect that ASM International will post 27.15 earnings per share for the current year.

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.