ASM International (OTCMKTS:ASMIY) Posts Quarterly Earnings Results, Beats Expectations By $1.29 EPS

ASM International (OTCMKTS:ASMIY) announced its earnings results on Tuesday. The company reported $5.87 EPS for the quarter, beating the consensus estimate of $4.58 by $1.29, Zacks reports. ASM International had a return on equity of 19.77% and a net margin of 23.51%.

ASM International Stock Performance

OTCMKTS ASMIY traded up $45.90 on Tuesday, hitting $975.00. The stock had a trading volume of 4,689 shares, compared to its average volume of 10,195. ASM International has a 52-week low of $430.60 and a 52-week high of $990.69. The company has a market capitalization of $47.86 billion, a price-to-earnings ratio of 56.98 and a beta of 1.92. The firm has a 50-day moving average of $820.97 and a 200-day moving average of $718.00.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Barclays restated an “overweight” rating on shares of ASM International in a report on Monday, January 26th. Morgan Stanley restated an “overweight” rating on shares of ASM International in a report on Friday, January 16th. BNP Paribas Exane upgraded ASM International to an “outperform” rating in a report on Monday, February 2nd. Citigroup restated a “buy” rating on shares of ASM International in a report on Tuesday, January 20th. Finally, Jefferies Financial Group lowered ASM International from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

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.