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

Shares of ASM International NV (OTCMKTS:ASMIY) gapped down before the market opened on Wednesday . The stock had previously closed at $1,093.00, but opened at $1,011.47. ASM International shares last traded at $1,029.16, with a volume of 689 shares trading hands.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Barclays restated an “overweight” rating on shares of ASM International in a report on Thursday, June 11th. Zacks Research downgraded shares of ASM International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Citigroup reissued a “buy” rating on shares of ASM International in a report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASM International in a report on Thursday, April 23rd. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, ASM International has an average rating of “Moderate Buy”.

ASM International Stock Up 2.2%

The company’s fifty day moving average is $1,065.75 and its two-hundred day moving average is $893.96. The firm has a market capitalization of $51.04 billion, a price-to-earnings ratio of 44.58 and a beta of 1.99.

ASM International (OTCMKTS:ASMIY) last released its earnings results on Tuesday, April 21st. The company reported $5.87 EPS for the quarter, topping analysts’ consensus estimates 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%. On average, equities research analysts expect that ASM International NV will post 26.75 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.