ASM International NV (OTCMKTS:ASMIY) Given Consensus Rating of “Moderate Buy” by Analysts

ASM International NV (OTCMKTS:ASMIY) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of analysts have recently issued reports on ASMIY shares. Zacks Research raised shares of ASM International from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Barclays reiterated an “overweight” rating on shares of ASM International in a report on Thursday, June 11th. Morgan Stanley restated an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASM International in a report on Thursday, July 30th.

ASM International Stock Performance

Shares of ASMIY stock opened at $996.07 on Friday. The stock has a 50 day moving average price of $957.85 and a 200 day moving average price of $964.54. ASM International has a 52-week low of $532.31 and a 52-week high of $1,248.72. The firm has a market capitalization of $48.69 billion, a P/E ratio of 39.06 and a beta of 1.99.

About ASM International

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.