ASM International (OTCMKTS:ASMIY) Issues Earnings Results, Beats Estimates By $0.05 EPS

ASM International (OTCMKTS:ASMIY) posted its quarterly earnings data on Tuesday. The company reported $6.92 earnings per share for the quarter, topping the consensus estimate of $6.87 by $0.05, Zacks reports. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.15 billion. ASM International had a net margin of 31.07% and a return on equity of 20.41%.

ASM International Stock Down 8.0%

OTCMKTS ASMIY opened at $845.30 on Wednesday. The stock has a market capitalization of $41.32 billion, a PE ratio of 36.09 and a beta of 1.99. ASM International has a 12-month low of $463.86 and a 12-month high of $1,248.72. The company has a 50 day moving average price of $1,061.93 and a two-hundred day moving average price of $926.71.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Zacks Research raised ASM International from a “hold” rating to a “strong-buy” rating in a research report on Monday. Morgan Stanley reissued an “overweight” rating on shares of ASM International in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASM International in a research report on Friday, July 10th. Barclays reissued an “overweight” rating on shares of ASM International in a research note on Thursday, June 11th. Finally, Citigroup reaffirmed a “buy” rating on shares of ASM International in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus 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.