ASM International (OTCMKTS:ASMIY) Sets New 1-Year High – Still a Buy?

ASM International NV (OTCMKTS:ASMIY) shares hit a new 52-week high on Monday . The company traded as high as $1,248.72 and last traded at $1,244.25, with a volume of 139 shares changing hands. The stock had previously closed at $1,236.34.

Wall Street Analysts Forecast Growth

ASMIY has been the subject of several research reports. Citigroup reissued a “buy” rating on shares of ASM International in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASM International in a research report on Thursday, April 23rd. Zacks Research upgraded ASM International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 25th. Finally, Barclays reissued an “overweight” rating on shares of ASM International in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

ASM International Trading Down 0.3%

The company has a 50 day simple moving average of $1,019.33 and a 200 day simple moving average of $845.53. The stock has a market cap of $60.24 billion, a P/E ratio of 52.63 and a beta of 2.01.

ASM International (OTCMKTS:ASMIY) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $5.87 earnings per share for the quarter, topping the consensus estimate of $4.58 by $1.29. ASM International had a net margin of 31.07% and a return on equity of 20.41%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $944.69 million. As a group, sell-side analysts expect that ASM International NV will post 26.12 earnings per share for the current 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.