Shares rose more than 8% after the supplier of semiconductor-making tools reported sales that exceeded analysts' views, boosted by increased AI investment.
The Dutch group posted strong sales for the first quarter as chip makers continue to invest in tools to make increasingly sophisticated semiconductors in a bid to satisfy booming demand for artificial intelligence.
Computer chip equipment maker ASM International forecast on Tuesday stronger second-quarter revenue guidance than markets expected, after a first-quarter report above expectations.
Avino Silver (ASM) closed the most recent trading day at $7.6, moving 1.94% from the previous trading session.
ASM International is upgraded to a strong buy, as both near-term and long-term outlooks improve materially. China shifts from a headwind to a growth and margin driver, with 2026 sales now expected to increase rather than decline. 2nm adoption is translating into real revenue and deeper process penetration, while the 1.4nm roadmap extends the growth runway.
Avino Silver & Gold is rated Buy, reflecting a solid margin of safety and robust organic growth potential, despite recent stock volatility. ASM's financial position is exceptionally strong, with $101.7 million in cash, and current assets nearly triple their total liabilities, supporting expansion without the need for external financing. Production is set to more than triple by 2029, driven by La Preciosa and oxide tailings projects, with proximity and recent royalty acquisitions enhancing future margins.
Avino Silver (ASM) concluded the recent trading session at $6.07, signifying a +1.68% move from its prior day's close.
Avino Silver (ASM) reached $5.66 at the closing of the latest trading day, reflecting a -10.02% change compared to its last close.
Avino Silver (ASM) came out with quarterly earnings of $0.1 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.07 per share a year ago.
The supplier of semiconductor tools reported profit that was better than expected, supported by strengthened demand and a rebound in orders from China.
In the latest trading session, Avino Silver (ASM) closed at $9.41, marking a -2.18% move from the previous day.
Avino Silver is set to post higher Q4 revenues but a lower bottom line, as weaker gold and copper output offset gains from surging prices.