ASM International NV (OTCMKTS:ASMIY) Receives Average Rating of “Strong Buy” from Brokerages

ASM International NV (OTCMKTS:ASMIY) has been given an average recommendation of “Strong Buy” by the seven research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, one has given a buy recommendation and five have given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $561.00.

Several equities analysts have weighed in on the company. Barclays raised ASM International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 3rd. HSBC raised shares of ASM International to a “buy” rating in a research note on Friday, May 2nd. Hsbc Global Res raised shares of ASM International from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 2nd. Finally, UBS Group raised ASM International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 21st.

ASM International Stock Performance

Shares of ASMIY opened at $623.12 on Wednesday. The stock has a fifty day moving average price of $537.65 and a two-hundred day moving average price of $542.28. The company has a market cap of $30.59 billion, a price-to-earnings ratio of 58.90 and a beta of 1.82. ASM International has a 52-week low of $372.61 and a 52-week high of $813.23.

ASM International (OTCMKTS:ASMIY) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $4.11 earnings per share for the quarter, missing the consensus estimate of $4.23 by ($0.12). The firm had revenue of $955.30 million for the quarter, compared to the consensus estimate of $1 billion. ASM International had a return on equity of 20.14% and a net margin of 15.53%. As a group, research analysts predict that ASM International will post 14.46 EPS for the current fiscal year.

ASM International Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, May 21st. Stockholders of record on Friday, May 16th were given a dividend of $2.6456 per share. This is an increase from ASM International’s previous dividend of $2.56. The ex-dividend date was Thursday, May 15th. This represents a dividend yield of 0.49%. ASM International’s dividend payout ratio is currently 26.75%.

About ASM International

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.