ASM International NV (OTCMKTS:ASMIY) Raises Dividend to $2.65 Per Share

ASM International NV (OTCMKTS:ASMIY) announced a dividend on Tuesday, May 13th, investing.com reports. Investors of record on Friday, May 16th will be paid a dividend of 2.6456 per share on Wednesday, May 21st. This represents a dividend yield of 0.49%. The ex-dividend date is Thursday, May 15th. This is a 3.5% increase from ASM International’s previous dividend of $2.56.

ASM International Stock Up 7.3%

ASM International stock traded up $36.91 during trading hours on Tuesday, hitting $543.53. The stock had a trading volume of 4,852 shares, compared to its average volume of 7,484. The stock has a market cap of $26.68 billion, a price-to-earnings ratio of 44.96 and a beta of 1.82. The business’s 50 day simple moving average is $472.21 and its 200-day simple moving average is $536.67. ASM International has a one year low of $372.61 and a one year high of $813.23.

ASM International (OTCMKTS:ASMIY) last announced its earnings results on Tuesday, April 29th. The company reported $4.11 EPS for the quarter, missing the consensus estimate of $4.23 by ($0.12). The company had revenue of $955.30 million during the quarter, compared to the consensus estimate of $1 billion. ASM International had a net margin of 19.98% and a return on equity of 17.10%. Research analysts anticipate that ASM International will post 14.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on ASMIY. Hsbc Global Res raised ASM International from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 2nd. HSBC upgraded ASM International to a “buy” rating in a research report on Friday, May 2nd. One analyst has rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, ASM International presently has an average rating of “Buy” and a consensus target price of $561.00.

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.