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

ASM International NV (OTCMKTS:ASMIY) reached a new 52-week high during trading on Friday . The company traded as high as $889.85 and last traded at $881.85, with a volume of 144 shares. The stock had previously closed at $866.57.

Analyst Ratings Changes

A number of research analysts have recently commented on ASMIY shares. Barclays restated an “overweight” rating on shares of ASM International in a report on Monday, January 26th. Zacks Research upgraded shares of ASM International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 25th. Jefferies Financial Group cut shares of ASM International from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, February 18th. Morgan Stanley restated an “overweight” rating on shares of ASM International in a report on Friday, January 16th. Finally, Citigroup restated a “buy” rating on shares of ASM International in a report on Tuesday, January 20th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned 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 company’s fifty day simple moving average is $810.01 and its 200-day simple moving average is $704.45. The company has a market capitalization of $43.53 billion, a P/E ratio of 51.82 and a beta of 1.92.

ASM International (OTCMKTS:ASMIY) last issued its earnings results on Tuesday, March 3rd. The company reported $4.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.65. ASM International had a net margin of 23.51% and a return on equity of 19.77%. The company had revenue of $808.18 million for the quarter, compared to analysts’ expectations of $815.67 million. On average, sell-side analysts predict that ASM International NV will post 14.46 EPS 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.