ASM International (OTCMKTS:ASMIY) Shares Gap Up – What’s Next?

Shares of ASM International NV (OTCMKTS:ASMIY) gapped up prior to trading on Tuesday . The stock had previously closed at $674.35, but opened at $708.86. ASM International shares last traded at $720.1980, with a volume of 1,053 shares trading hands.

Analysts Set New Price Targets

Several analysts recently commented on ASMIY shares. Rothschild Redb lowered ASM International from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASM International in a research note on Wednesday, September 24th. Citigroup reaffirmed a “buy” rating on shares of ASM International in a report on Tuesday, October 7th. Finally, Zacks Research raised shares of ASM International from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 23rd. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

ASM International Price Performance

The company’s fifty day simple moving average is $608.01 and its 200-day simple moving average is $578.31. The firm has a market capitalization of $33.93 billion, a PE ratio of 38.25 and a beta of 1.87.

ASM International (OTCMKTS:ASMIY) last released its quarterly earnings results on Tuesday, October 28th. The company reported $4.90 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.16. ASM International had a net margin of 24.50% and a return on equity of 21.55%. The firm had revenue of $932.68 million during the quarter, compared to the consensus estimate of $814.93 million. Analysts forecast that ASM International NV will post 14.46 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.