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

ASM International (OTCMKTS:ASMIY) released its quarterly earnings results on Tuesday. The company reported $6.92 earnings per share for the quarter, topping the consensus estimate of $6.87 by $0.05, Zacks reports. ASM International had a net margin of 31.07% and a return on equity of 20.41%.

ASM International Stock Performance

Shares of ASMIY traded down $46.69 on Tuesday, reaching $872.50. The stock had a trading volume of 3,509 shares, compared to its average volume of 10,369. The firm has a market capitalization of $42.65 billion, a price-to-earnings ratio of 37.25 and a beta of 1.99. The company has a 50-day simple moving average of $1,064.44 and a 200-day simple moving average of $925.94. ASM International has a 12-month low of $463.86 and a 12-month high of $1,248.72.

Analyst Ratings Changes

A number of equities analysts have commented on ASMIY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASM International in a research note on Friday, July 10th. Morgan Stanley reaffirmed an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. Citigroup reaffirmed a “buy” rating on shares of ASM International in a research note on Thursday, April 23rd. Zacks Research cut shares of ASM International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Finally, Barclays reiterated an “overweight” rating on shares of ASM International in a report on Thursday, June 11th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average 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.