ASM International (OTCMKTS:ASMIY) Shares Gap Down – Should You Sell?

ASM International NV (OTCMKTS:ASMIY) shares gapped down before the market opened on Monday . The stock had previously closed at $959.51, but opened at $867.55. ASM International shares last traded at $871.62, with a volume of 113 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Morgan Stanley restated an “overweight” rating on shares of ASM International in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASM International in a research note on Thursday, July 30th. Barclays reissued an “overweight” rating on shares of ASM International in a report on Thursday, June 11th. Finally, Zacks Research upgraded shares of ASM International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

ASM International Trading Down 8.2%

The stock has a market capitalization of $43.06 billion, a PE ratio of 34.55 and a beta of 1.99. The business has a fifty day moving average price of $974.83 and a 200-day moving average price of $961.30.

ASM International Company Profile

ASM International N.V. is a Netherlands-based semiconductor equipment company that develops and manufactures wafer-processing systems used in the production of advanced integrated circuits. Its equipment is installed in semiconductor fabrication facilities operated by chip manufacturers around the world.

The company’s product portfolio focuses on deposition technologies, including atomic layer deposition (ALD), epitaxy, chemical vapor deposition (CVD) and related processes. These systems help manufacturers deposit extremely thin and precisely controlled layers of materials onto silicon wafers for applications such as logic, memory and other advanced semiconductor devices.

Founded in 1968 by Arthur del Prado, ASM International has played a significant role in the development and commercialization of wafer-processing technologies, particularly ALD.