ASM International NV (OTCMKTS:ASMIY) Sees Large Decline in Short Interest

ASM International NV (OTCMKTS:ASMIY) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 800 shares, a decrease of 27.3% from the May 31st total of 1,100 shares. Based on an average daily trading volume, of 17,100 shares, the days-to-cover ratio is currently 0.0 days.

ASM International Price Performance

Shares of ASM International stock opened at $764.12 on Friday. The company’s 50 day moving average price is $700.72 and its two-hundred day moving average price is $620.00. The firm has a market capitalization of $37.69 billion, a P/E ratio of 60.21 and a beta of 1.63. ASM International has a fifty-two week low of $375.35 and a fifty-two week high of $788.03.

ASM International (OTCMKTS:ASMIY) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $3.93 earnings per share for the quarter. ASM International had a return on equity of 18.35% and a net margin of 21.27%. The business had revenue of $693.81 million for the quarter. On average, analysts expect that ASM International will post 17.19 earnings per share for the current year.

ASM International Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, May 22nd. Investors of record on Thursday, May 16th were issued a $2.5568 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This is a positive change from ASM International’s previous dividend of $2.27. ASM International’s dividend payout ratio (DPR) is 21.11%.

Analysts Set New Price Targets

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

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.