ASM International (OTCMKTS:ASMIY) Shares Gap Down – What’s Next?

ASM International NV (OTCMKTS:ASMIY) gapped down before the market opened on Monday . The stock had previously closed at $959.51, but opened at $867.55. ASM International shares last traded at $871.62, with a volume of 113 shares changing hands.

Analysts Set New Price Targets

Several brokerages have issued reports on ASMIY. Morgan Stanley restated an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. Barclays reiterated an “overweight” rating on shares of ASM International in a research note on Thursday, June 11th. Zacks Research raised ASM International from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

ASM International Trading Down 8.2%

The business’s fifty day simple moving average is $974.83 and its 200-day simple moving average is $961.30. The firm has a market cap of $43.06 billion, a P/E ratio of 34.55 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.