ASM International (OTCMKTS:ASMIY) Shares Gap Down – Time to Sell?

Shares of ASM International NV (OTCMKTS:ASMIY) gapped down prior to trading on Wednesday . The stock had previously closed at $1,093.00, but opened at $1,011.47. ASM International shares last traded at $1,029.16, with a volume of 689 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a research note on Thursday, April 23rd. Citigroup reiterated a “buy” rating on shares of ASM International in a report on Thursday, April 23rd. Zacks Research downgraded ASM International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Finally, Barclays reaffirmed an “overweight” rating on shares of ASM International in a research report on Thursday, June 11th. Five research 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

ASM International Stock Performance

The firm has a fifty day simple moving average of $1,063.35 and a 200-day simple moving average of $887.86. The firm has a market cap of $49.84 billion, a price-to-earnings ratio of 43.54 and a beta of 1.99.

ASM International (OTCMKTS:ASMIY) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $5.87 earnings per share for the quarter, beating the consensus estimate of $4.58 by $1.29. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $944.69 million. ASM International had a net margin of 31.07% and a return on equity of 20.41%. Analysts expect that ASM International NV will post 26.75 earnings per share for the current fiscal year.

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.