Zacks Research Upgrades ASM International (OTCMKTS:ASMIY) to Strong-Buy

ASM International (OTCMKTS:ASMIY) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research firms also recently commented on ASMIY. Citigroup reissued a “buy” rating on shares of ASM International in a research report on Thursday, April 23rd. Morgan Stanley reiterated an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. Barclays reissued an “overweight” rating on shares of ASM International in a research note on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASM International in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, ASM International presently has a consensus rating of “Moderate Buy”.

ASM International Stock Down 8.0%

OTCMKTS ASMIY opened at $845.30 on Monday. The stock has a market capitalization of $41.32 billion, a PE ratio of 36.09 and a beta of 1.99. ASM International has a 12-month low of $463.86 and a 12-month high of $1,248.72. The company has a 50 day moving average price of $1,061.93 and a two-hundred day moving average price of $926.71.

ASM International (OTCMKTS:ASMIY) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $6.92 EPS for the quarter, topping the consensus estimate of $6.87 by $0.05. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. ASM International had a net margin of 31.07% and a return on equity of 20.41%. As a group, equities analysts anticipate that ASM International will post 27.15 EPS 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.