ASM International (OTCMKTS:ASMIY) Research Coverage Started at BNP Paribas

BNP Paribas began coverage on shares of ASM International (OTCMKTS:ASMIY) in a research report sent to investors on Tuesday, Marketbeat reports. The brokerage issued a neutral rating and a $561.00 target price on the stock.

Several other analysts also recently weighed in on ASMIY. Berenberg Bank raised ASM International to a “strong-buy” rating in a report on Wednesday, October 2nd. Citigroup upgraded ASM International to a “strong-buy” rating in a research note on Wednesday, October 2nd.

ASM International Price Performance

Shares of OTCMKTS ASMIY opened at $534.13 on Tuesday. ASM International has a 1 year low of $465.65 and a 1 year high of $813.23. The company has a market capitalization of $26.35 billion, a price-to-earnings ratio of 44.18 and a beta of 1.61. The business has a 50-day moving average of $571.13 and a two-hundred day moving average of $651.42.

ASM International (OTCMKTS:ASMIY) last posted its earnings results on Tuesday, October 29th. The company reported $2.98 EPS for the quarter, missing analysts’ consensus estimates of $4.21 by ($1.23). ASM International had a net margin of 19.98% and a return on equity of 17.38%. The company had revenue of $855.69 million during the quarter. As a group, equities research analysts expect that ASM International will post 14.46 earnings per share for the current year.

About ASM International

ASM International NV, together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices in Europe, the United States, and Asia. The company’s products include wafer processing deposition systems for atomic layer deposition (ALD), epitaxy, silicon carbide, plasma enhanced chemical vapor deposition (PECVD), and vertical furnace systems, including low pressure chemical vapor deposition (LPCVD), diffusion, and oxidation products, as well as provides spare parts and support services.