ASM International (OTCMKTS:ASMIY) Shares Gap Up – What’s Next?

ASM International NV (OTCMKTS:ASMIY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $545.22, but opened at $575.21. ASM International shares last traded at $577.95, with a volume of 104 shares traded.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup reiterated a “buy” rating on shares of ASM International in a research note on Tuesday, October 7th. Zacks Research raised ASM International from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 23rd. Rothschild Redb cut ASM International from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a research report on Wednesday, September 24th. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ASM International has an average rating of “Buy”.

ASM International Stock Performance

The business has a 50 day simple moving average of $608.89 and a two-hundred day simple moving average of $568.48. The firm has a market capitalization of $28.36 billion, a P/E ratio of 31.97 and a beta of 1.90.

ASM International (OTCMKTS:ASMIY) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $4.90 EPS for the quarter, topping the consensus estimate of $4.74 by $0.16. The company had revenue of $932.68 million during the quarter, compared to analyst estimates of $814.93 million. ASM International had a return on equity of 21.55% and a net margin of 24.50%. On average, equities analysts anticipate that ASM International NV will post 14.46 earnings per share for the current fiscal year.

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.