ASM International (ASMIY) Expected to Announce Earnings on Tuesday

ASM International (OTCMKTS:ASMIY) will likely be issuing its results after the market closes on Tuesday, October 27th. Analysts expect ASM International to announce earnings of $6.99 per share and revenue of $1.26 billion for the quarter.

ASM International Price Performance

ASMIY opened at $835.95 on Tuesday. The stock has a 50-day moving average price of $962.60 and a 200-day moving average price of $989.67. The firm has a market cap of $40.86 billion, a PE ratio of 38.46 and a beta of 2.03. ASM International has a 1 year low of $532.31 and a 1 year high of $1,248.72.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a research note on Thursday, July 30th. Zacks Research cut shares of ASM International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 29th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

About ASM International

ASM International N.V. is a Netherlands-based semiconductor equipment company that develops and supplies wafer-processing systems used in the production of advanced integrated circuits. Its technologies support key stages of semiconductor manufacturing, including the deposition and formation of thin films on silicon wafers.

The company’s product portfolio includes atomic layer deposition (ALD), epitaxy, chemical vapor deposition (CVD), and related wafer-processing solutions. These systems are used to manufacture logic, memory, and other semiconductor devices, particularly as chipmakers adopt smaller process geometries and increasingly complex three-dimensional structures.

Founded in 1968 by Arthur del Prado, ASM International serves semiconductor manufacturers and research organizations through operations and support networks spanning Europe, North America, and Asia.