ASM International (OTCMKTS:ASMIY) Releases Quarterly Earnings Results, Beats Expectations By $1.29 EPS

ASM International (OTCMKTS:ASMIY) released its earnings results on Tuesday. The company reported $5.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.58 by $1.29, Zacks reports. ASM International had a net margin of 23.51% and a return on equity of 19.77%.

ASM International Stock Up 4.9%

Shares of ASM International stock traded up $45.90 on Tuesday, hitting $975.00. 4,744 shares of the company’s stock traded hands, compared to its average volume of 10,201. The stock has a market cap of $47.86 billion, a P/E ratio of 56.98 and a beta of 1.92. The firm’s 50-day moving average is $820.97 and its 200 day moving average is $718.00. ASM International has a 52-week low of $430.60 and a 52-week high of $990.69.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating on shares of ASM International in a report on Friday, January 16th. Barclays reaffirmed an “overweight” rating on shares of ASM International in a research report on Monday, January 26th. BNP Paribas Exane raised shares of ASM International to an “outperform” rating in a research note on Monday, February 2nd. Zacks Research raised shares of ASM International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 25th. Finally, Jefferies Financial Group downgraded ASM International from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

About ASM International

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.