ASM International (OTCMKTS:ASMIY) Sets New 52-Week High at $788.30

Shares of ASM International NV (OTCMKTS:ASMIY) hit a new 52-week high on Tuesday . The company traded as high as $788.30 and last traded at $785.09, with a volume of 1856 shares trading hands. The stock had previously closed at $780.18.

Analysts Set New Price Targets

Separately, Morgan Stanley upgraded ASM International from an “equal weight” rating to an “overweight” rating in a report on Thursday, June 20th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

ASM International Price Performance

The firm has a market cap of $38.88 billion, a PE ratio of 66.01 and a beta of 1.65. The business has a fifty day moving average price of $728.20 and a two-hundred day moving average price of $635.14.

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

ASM International Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Thursday, May 16th were paid a $2.5568 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This is an increase from ASM International’s previous dividend of $2.27. ASM International’s payout ratio is 21.11%.

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.