ASM International (OTCMKTS:ASMIY) Raised to “Strong-Buy” at Berenberg Bank

Berenberg Bank upgraded shares of ASM International (OTCMKTS:ASMIY) to a strong-buy rating in a research report sent to investors on Wednesday, Zacks.com reports.

Separately, Morgan Stanley raised ASM International from an equal weight rating to an overweight rating in a research note on Thursday, June 20th.

ASM International Price Performance

OTCMKTS ASMIY opened at $651.36 on Wednesday. ASM International has a 1-year low of $375.35 and a 1-year high of $813.23. The business has a 50 day simple moving average of $641.77 and a two-hundred day simple moving average of $673.87. The stock has a market capitalization of $32.13 billion, a PE ratio of 54.55 and a beta of 1.64.

ASM International (OTCMKTS:ASMIY) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $3.58 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.59). The business had revenue of $760.07 million during the quarter. ASM International had a return on equity of 17.74% and a net margin of 21.26%. On average, analysts anticipate that ASM International will post 16.41 EPS for the current fiscal 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.