ASM International (OTCMKTS:ASMIY) Reaches New 1-Year High – Time to Buy?

ASM International NV (OTCMKTS:ASMIY) reached a new 52-week high during trading on Tuesday . The stock traded as high as $864.4350 and last traded at $864.4350, with a volume of 733 shares traded. The stock had previously closed at $845.44.

Analyst Ratings Changes

A number of analysts have recently issued reports on ASMIY shares. Jefferies Financial Group cut shares of ASM International from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, January 13th. Citigroup restated a “buy” rating on shares of ASM International in a research report on Tuesday, January 20th. Rothschild Redb lowered ASM International from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Barclays reissued an “overweight” rating on shares of ASM International in a research note on Monday. Finally, Morgan Stanley restated an “overweight” rating on shares of ASM International in a research note on Friday, January 16th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

ASM International Price Performance

The firm’s 50-day moving average is $667.38 and its two-hundred day moving average is $598.60. The company has a market cap of $41.85 billion, a P/E ratio of 47.18 and a beta of 1.87.

ASM International (OTCMKTS:ASMIY) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $4.90 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.16. The business had revenue of $932.68 million during the quarter, compared to analysts’ expectations of $814.93 million. ASM International had a net margin of 24.50% and a return on equity of 21.55%. As a group, sell-side analysts expect that ASM International NV will post 14.46 EPS for the current year.

ASM International Company Profile

ASM International (OTCMKTS: ASMIY) is a Netherlands-based supplier of wafer processing equipment for the global semiconductor industry. The company develops and manufactures systems used in the deposition and formation of thin films on semiconductor wafers, with a strong reputation for atomic layer deposition (ALD) technology. Its equipment is used in the production of advanced logic, memory, power devices and related semiconductor components where precise control of film thickness and composition is critical.

ASM’s product portfolio centers on deposition and epitaxy platforms that support a range of process chemistries and materials, including ALD and other chemical vapor deposition techniques.