Citigroup Upgrades ASM International (OTCMKTS:ASMIY) to “Strong-Buy”

ASM International (OTCMKTS:ASMIY) was upgraded by analysts at Citigroup to a “strong-buy” rating in a report released on Wednesday, Zacks.com reports.

Several other brokerages have also recently weighed in on ASMIY. Berenberg Bank raised shares of ASM International to a “strong-buy” rating in a research note on Wednesday. Morgan Stanley raised shares of ASM International from an “equal weight” rating to an “overweight” rating in a research note on Thursday, June 20th.

ASM International Stock Performance

ASM International stock traded down $1.64 during trading hours on Wednesday, hitting $651.36. 3,336 shares of the stock were exchanged, compared to its average volume of 5,030. The stock has a market capitalization of $32.13 billion, a P/E ratio of 54.55 and a beta of 1.64. ASM International has a 12 month low of $375.35 and a 12 month high of $813.23. The business’s 50-day moving average is $641.77 and its two-hundred day moving average is $673.35.

ASM International (OTCMKTS:ASMIY) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $3.58 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.59). The firm had revenue of $760.07 million for the quarter. ASM International had a return on equity of 17.74% and a net margin of 21.26%. On average, equities analysts predict that ASM International will post 16.41 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.