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

ASM International NV (OTCMKTS:ASMIY) gapped up before the market opened on Wednesday . The stock had previously closed at $545.22, but opened at $575.21. ASM International shares last traded at $577.95, with a volume of 104 shares trading hands.

Analysts Set New Price Targets

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

ASM International Stock Performance

The company has a market cap of $28.36 billion, a P/E ratio of 31.97 and a beta of 1.90. The business has a 50 day moving average price of $608.89 and a two-hundred day moving average price of $568.48.

ASM International (OTCMKTS:ASMIY) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $4.90 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.16. ASM International had a return on equity of 21.55% and a net margin of 24.50%.The business had revenue of $932.68 million for the quarter, compared to analysts’ expectations of $814.93 million. As a group, research analysts expect that ASM International NV will post 14.46 EPS for the current year.

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.