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

ASM International NV (OTCMKTS:ASMIY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $607.18, but opened at $589.55. ASM International shares last traded at $603.85, with a volume of 273 shares.

Analysts Set New Price Targets

ASMIY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASM International in a report on Wednesday, September 24th. Citigroup reiterated a “buy” rating on shares of ASM International in a report on Tuesday, October 7th. Zacks Research upgraded ASM International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 23rd. Finally, Rothschild Redb lowered shares of ASM International from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

ASM International Stock Performance

The stock’s fifty day moving average is $606.95 and its two-hundred day moving average is $575.03. The firm has a market cap of $29.66 billion, a price-to-earnings ratio of 33.44 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.16. ASM International had a return on equity of 21.55% and a net margin of 24.50%.The business had revenue of $932.68 million during the quarter, compared to analyst estimates of $814.93 million. Sell-side analysts predict that ASM International NV will post 14.46 earnings per share for the current year.

ASM International Company Profile

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.