ASM International (OTCMKTS:ASMIY) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

ASM International (OTCMKTS:ASMIY) issued its quarterly earnings results on Tuesday. The company reported $6.92 earnings per share for the quarter, beating the consensus estimate of $6.87 by $0.05, Zacks reports. ASM International had a return on equity of 22.80% and a net margin of 31.94%.The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.15 billion.

ASM International Price Performance

Shares of ASM International stock traded up $106.67 on Thursday, hitting $921.68. 28,089 shares of the company’s stock traded hands, compared to its average volume of 10,484. ASM International has a one year low of $463.86 and a one year high of $1,248.72. The company has a fifty day moving average of $1,058.23 and a two-hundred day moving average of $927.59. The company has a market capitalization of $45.05 billion, a price-to-earnings ratio of 36.14 and a beta of 1.99.

Wall Street Analyst Weigh In

Several analysts recently commented on ASMIY shares. Zacks Research upgraded ASM International from a “hold” rating to a “strong-buy” rating in a report on Monday. Barclays restated an “overweight” rating on shares of ASM International in a report on Thursday, June 11th. Citigroup restated a “buy” rating on shares of ASM International in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASM International in a research note on Friday, July 10th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of ASM International in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, ASM International has an average rating of “Moderate Buy”.

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.