ASM International (OTCMKTS:ASMIY) Sees Strong Trading Volume – Still a Buy?

ASM International NV (OTCMKTS:ASMIY) shares saw unusually-strong trading volume on Thursday. 18,454 shares changed hands during mid-day trading, an increase of 65% from the average daily volume of 11,182 shares. The stock last traded at $883.52 and had previously closed at $867.93.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ASMIY shares. Zacks Research downgraded shares of ASM International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASM International in a research report on Thursday, July 30th. Finally, Morgan Stanley restated an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, ASM International has a consensus rating of “Moderate Buy”.

ASM International Price Performance

The company has a market cap of $39.63 billion, a PE ratio of 34.38 and a beta of 2.03. The stock has a 50 day simple moving average of $930.95 and a two-hundred day simple moving average of $933.48.

ASM International Company Profile

ASM International N.V. is a Netherlands-based semiconductor equipment company that develops and supplies wafer-processing systems used in the production of advanced integrated circuits. Its technologies support key stages of semiconductor manufacturing, including the deposition and formation of thin films on silicon wafers.

The company’s product portfolio includes atomic layer deposition (ALD), epitaxy, chemical vapor deposition (CVD), and related wafer-processing solutions. These systems are used to manufacture logic, memory, and other semiconductor devices, particularly as chipmakers adopt smaller process geometries and increasingly complex three-dimensional structures.

Founded in 1968 by Arthur del Prado, ASM International serves semiconductor manufacturers and research organizations through operations and support networks spanning Europe, North America, and Asia.