Loading, Please wait ...

Please contact us if you would like to upgrade your account to include access to financial models

Please contact us if you would like to upgrade your account to include short term strategies for this stock.

ASMI.O

ISIN: NL0000334118
SEDOL: 2007979

Rating:

SELL

Target Price:

7.59 USD

Investment Horizon:

6 to 12 months
6th May 2009 View Report   Download

Company News Alert

ASM International N.V.'s (ASMI) common stock price has appreciated significantly since our 4Q 08 and FY 2008 update report dated 21 April 2009, including a single day surge of 18.0% on 05 May 2009, following news that Intel Corporation's (Intel) investment arm, Intel Capital, has purchased approximately 4% of ASMI’s common shares, with Intel Capital's president Arvind Sodhani stating that the “investment in ASMI is part of Intel Capital's strategy…

29th Apr 2009 View Report   Download

1Q 09 News Alert

ASM International N.V.’s (ASMI) 1Q 09 net sales and operating performance fell short of our expectations while bottom-line outperformed. With global equipment demand showing no signs of improvement in the near term, Management has not provided any guidance. However, the company has initiated a new program to further accelerate its cost-reduction efforts and better manage its working capital requirements in the near term. In view of this…

21st Apr 2009 View Report   Download

4Q 08 & FY 2008 Update Report

ASMI has achieved sustained growth in top-line over recent years on the back of its resilient back-end segment. However, the deepening macro-economic crisis over the later part of 2008 severely impacted the semiconductor industry as a whole, and even more so equipment vendors. ASMI has not proved resistant to these conditions, with the collapse in end-market demand freezing equipment purchases and resulting in a slump in…

26th Feb 2009 View Report   Download

4Q 08 & FY 2008 News Alert

ASM International N.V.’s (ASMI) 4Q 08 and FY 2008 results were below our expectations. Furthermore, we expect the severe cut backs in global semiconductor capital spending to continue through FY 2009. Accordingly, we expect to revise downwards our estimates going forward. Subsequently, we moderate the ASMI common stock rating from a BUY to a HOLD even though the rating does not support a HOLD at current levels....

16th Dec 2008 View Report   Download

3Q 08 Update Report

CLICK VIEW REPORT TO READ FREE REPORT

ASM International N.V.’s (ASMI) net sales experienced a steep y-o-y decline in 3Q 08, led by Front-end sales downtrend. Net sales, operating income and adjusted diluted EPS were below our expectations. Although net sales and margins are expected to continue to trend downwards over the next few quarters as the overall industry is impacted by severe demand deterioration, cost efficiency and the relatively stronger Back-end…