ASM International (OTCMKTS:ASMIY) Shares Gap Down – Here’s Why

ASM International NV (OTCMKTS:ASMIY) gapped down before the market opened on Monday . The stock had previously closed at $777.80, but opened at $750.85. ASM International shares last traded at $783.99, with a volume of 570 shares traded.

Wall Street Analysts Forecast Growth

ASMIY has been the topic of a number of analyst reports. BNP Paribas Exane raised ASM International to an “outperform” rating in a research note on Monday, February 2nd. Jefferies Financial Group cut ASM International from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Morgan Stanley reaffirmed an “overweight” rating on shares of ASM International in a research note on Friday, January 16th. Zacks Research raised ASM International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 25th. Finally, Barclays reaffirmed an “overweight” rating on shares of ASM International in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

ASM International Price Performance

The stock has a market cap of $38.94 billion, a PE ratio of 46.35 and a beta of 1.92. The business has a fifty day moving average of $808.76 and a 200-day moving average of $699.35.

ASM International (OTCMKTS:ASMIY) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported $4.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.37 by $0.65. The firm had revenue of $808.18 million during the quarter, compared to analyst estimates of $815.67 million. ASM International had a return on equity of 19.77% and a net margin of 23.51%. As a group, equities research analysts predict that ASM International NV will post 14.46 EPS 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.