Credit Suisse Group Initiates Coverage on ASM International (OTCMKTS:ASMIY)

Analysts at Credit Suisse Group initiated coverage on shares of ASM International (OTCMKTS:ASMIY) in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage set an “outperform” rating on the stock.

Several other equities research analysts have also issued reports on the company. Morgan Stanley started coverage on ASM International in a research note on Monday, December 20th. They issued an “equal weight” rating for the company. AlphaValue raised ASM International to a “buy” rating in a research note on Friday, November 26th. Barclays reissued an “equal weight” rating on shares of ASM International in a research note on Thursday, October 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASM International in a research note on Thursday, October 28th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of ASM International in a research note on Thursday, September 16th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from, the stock presently has an average rating of “Buy” and an average target price of $329.68.

Shares of ASM International stock opened at $415.90 on Thursday. The stock has a 50 day moving average of $440.98 and a 200 day moving average of $404.44. ASM International has a 12 month low of $240.60 and a 12 month high of $497.06. The firm has a market cap of $20.19 billion, a PE ratio of 42.27 and a beta of 1.37.

ASM International (OTCMKTS:ASMIY) last announced its quarterly earnings results on Monday, October 25th. The company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.55. The company had revenue of $510.38 million during the quarter. ASM International had a return on equity of 21.36% and a net margin of 26.69%.

ASM International Company Profile

ASM International NV engages in the research and development, design, manufacture, and sale of equipment, and provision of service to customers for the production of semiconductor devices and integrated circuits. It operates through the Front-end and Back-end segments. The Front-end segment manufactures and sells equipment used in wafer processing, encompassing the fabrication steps in which silicon wafers are layered with semiconductor devices.

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