ASM International (OTCMKTS:ASMIY) Rating Lowered to “Hold” at Zacks Research

ASM International (OTCMKTS:ASMIY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

Other research analysts have also issued research reports about the company. Barclays restated an “overweight” rating on shares of ASM International in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASM International in a research report on Thursday, July 30th. Finally, Morgan Stanley reissued an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, ASM International currently has a consensus rating of “Moderate Buy”.

ASM International Stock Performance

Shares of ASMIY opened at $1,004.67 on Tuesday. ASM International has a one year low of $532.31 and a one year high of $1,248.72. The stock has a market capitalization of $49.11 billion, a price-to-earnings ratio of 39.40 and a beta of 1.99. The stock has a 50 day moving average price of $953.72 and a 200 day moving average price of $971.84.

About ASM International

ASM International N.V. is a Netherlands-based semiconductor equipment company that develops and supplies wafer-processing technologies used in the manufacture of integrated circuits. Its systems are designed to help semiconductor manufacturers deposit and control thin layers of materials on silicon wafers during the production of advanced logic, memory and other semiconductor devices.

The company is particularly known for its atomic layer deposition (ALD) equipment, which enables highly precise deposition of extremely thin films.