ASM International NV (OTCMKTS:ASMIY) Given Average Rating of “Buy” by Brokerages

ASM International NV (OTCMKTS:ASMIY) has earned an average recommendation of “Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $561.00.

A number of research analysts have recently weighed in on the company. Hsbc Global Res upgraded ASM International from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 2nd. HSBC upgraded ASM International to a “buy” rating in a research report on Friday, May 2nd.

ASM International Price Performance

Shares of OTCMKTS:ASMIY opened at $543.53 on Tuesday. ASM International has a 1 year low of $372.61 and a 1 year high of $813.23. The stock’s 50-day moving average is $472.21 and its 200 day moving average is $536.67. The company has a market cap of $26.68 billion, a PE ratio of 44.96 and a beta of 1.82.

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

ASM International Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Friday, May 16th will be issued a dividend of $2.6456 per share. The ex-dividend date is Thursday, May 15th. This is a positive change from ASM International’s previous dividend of $2.56. This represents a dividend yield of 0.49%. ASM International’s payout ratio is 24.95%.

ASM International Company Profile

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.