ASM International (OTCMKTS:ASMIY) Shares Gap Down – Here’s Why

ASM International NV (OTCMKTS:ASMIY) gapped down prior to trading on Friday . The stock had previously closed at $1,147.11, but opened at $1,079.6801. ASM International shares last traded at $1,086.78, with a volume of 85 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ASMIY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASM International in a research note on Thursday, April 23rd. Barclays reiterated an “overweight” rating on shares of ASM International in a report on Thursday, June 11th. Zacks Research upgraded ASM International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 25th. Finally, Citigroup reaffirmed a “buy” rating on shares of ASM International in a report on Thursday, April 23rd. One research 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

ASM International Stock Down 5.6%

The company has a market cap of $52.91 billion, a P/E ratio of 46.22 and a beta of 2.01. The firm’s 50 day moving average is $1,041.12 and its two-hundred day moving average is $861.63.

ASM International (OTCMKTS:ASMIY) last released its quarterly earnings results on Tuesday, April 21st. The company reported $5.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.58 by $1.29. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $944.69 million. ASM International had a net margin of 31.07% and a return on equity of 20.41%. As a group, research analysts forecast that ASM International NV will post 25.75 EPS for the current fiscal year.

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.