ASM International (OTCMKTS:ASMIY) Reaches New 1-Year High – Here’s What Happened

Shares of ASM International NV (OTCMKTS:ASMIY) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $836.80 and last traded at $825.00, with a volume of 55381 shares. The stock had previously closed at $801.02.

Wall Street Analyst Weigh In

ASMIY has been the topic of a number of recent research reports. Citigroup reissued a “buy” rating on shares of ASM International in a report on Tuesday. Rothschild Redb lowered shares of ASM International from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Morgan Stanley reiterated an “overweight” rating on shares of ASM International in a research note on Friday, January 16th. Finally, Jefferies Financial Group lowered shares of ASM International from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, January 13th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

ASM International Price Performance

The stock’s 50-day simple moving average is $639.29 and its two-hundred day simple moving average is $590.04. The firm has a market capitalization of $41.19 billion, a P/E ratio of 46.44 and a beta of 1.87.

ASM International (OTCMKTS:ASMIY) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $4.90 EPS for the quarter, beating the consensus estimate of $4.74 by $0.16. ASM International had a net margin of 24.50% and a return on equity of 21.55%. The firm had revenue of $932.68 million for the quarter, compared to the consensus estimate of $814.93 million. On average, analysts forecast that ASM International NV will post 14.46 earnings per share for the current fiscal year.

ASM International Company Profile

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.