ASM International (OTCMKTS:ASMIY) Sets New 52-Week High – Here’s Why

ASM International NV (OTCMKTS:ASMIY)’s share price reached a new 52-week high on Tuesday . The company traded as high as $1,059.30 and last traded at $1,054.53, with a volume of 7839 shares. The stock had previously closed at $1,051.50.

Analyst Ratings Changes

A number of research firms have weighed in on ASMIY. Zacks Research upgraded ASM International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 25th. Morgan Stanley restated an “overweight” rating on shares of ASM International in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a report on Thursday, April 23rd. Citigroup restated a “buy” rating on shares of ASM International in a report on Thursday, April 23rd. Finally, Jefferies Financial Group lowered ASM International from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, ASM International has a consensus rating of “Moderate Buy”.

ASM International Stock Performance

The firm has a fifty day moving average price of $862.78 and a 200 day moving average price of $751.10. The stock has a market cap of $51.55 billion, a PE ratio of 45.03 and a beta of 2.02.

ASM International (OTCMKTS:ASMIY) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $5.87 EPS for the quarter, beating the consensus estimate of $4.58 by $1.29. ASM International had a return on equity of 20.41% and a net margin of 31.07%.The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $944.69 million. On average, equities research analysts forecast that ASM International NV will post 26.12 earnings per share for the current year.

About ASM International

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.