ASM International (OTCMKTS:ASMIY) Upgraded to “Overweight” at Morgan Stanley

Morgan Stanley upgraded shares of ASM International (OTCMKTS:ASMIYFree Report) from an equal weight rating to an overweight rating in a report published on Thursday morning, Marketbeat Ratings reports.

ASM International Trading Down 2.3 %

Shares of ASMIY stock opened at $758.77 on Thursday. ASM International has a 1 year low of $375.35 and a 1 year high of $788.03. The firm’s fifty day moving average price is $686.11 and its two-hundred day moving average price is $610.99. The firm has a market capitalization of $37.43 billion, a P/E ratio of 63.55 and a beta of 1.63.

ASM International (OTCMKTS:ASMIYGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $3.93 earnings per share (EPS) for the quarter. ASM International had a net margin of 21.27% and a return on equity of 18.35%. The firm had revenue of $693.81 million for the quarter. As a group, equities research analysts forecast that ASM International will post 17.19 EPS for the current fiscal year.

ASM International Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Thursday, May 16th were paid a dividend of $2.5568 per share. The ex-dividend date was Wednesday, May 15th. This is a positive change from ASM International’s previous dividend of $2.27. ASM International’s payout ratio is currently 21.11%.

About ASM International

(Get Free Report)

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.

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