ASM International (OTCMKTS:ASMIY) Upgraded by Berenberg Bank to “Strong-Buy”

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

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

ASM International Stock Down 0.3 %

Shares of ASMIY opened at $651.36 on Wednesday. The company has a market capitalization of $32.13 billion, a PE ratio of 54.55 and a beta of 1.64. ASM International has a 52-week low of $375.35 and a 52-week high of $813.23. The company has a 50-day simple moving average of $641.77 and a 200-day simple moving average of $673.35.

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

ASM International Company Profile

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.