ASM International (OTCMKTS:ASMIY) Sets New 52-Week High – Should You Buy?

ASM International NV (OTCMKTS:ASMIY)’s stock price reached a new 52-week high on Monday . The stock traded as high as $676.9950 and last traded at $675.47, with a volume of 305 shares changing hands. The stock had previously closed at $653.35.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ASMIY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASM International in a research report on Wednesday, September 24th. Zacks Research upgraded ASM International from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 23rd. Citigroup reaffirmed a “buy” rating on shares of ASM International in a research report on Tuesday, October 7th. Finally, Rothschild Redb downgraded ASM International from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy”.

ASM International Price Performance

The firm has a market capitalization of $33.02 billion, a P/E ratio of 37.23 and a beta of 1.87. The business’s 50-day moving average is $603.35 and its 200 day moving average is $575.63.

ASM International (OTCMKTS:ASMIY) last released its quarterly earnings results on Tuesday, October 28th. The company reported $4.90 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.16. The company had revenue of $932.68 million during the quarter, compared to the consensus estimate of $814.93 million. ASM International had a net margin of 24.50% and a return on equity of 21.55%. Analysts anticipate that ASM International NV will post 14.46 EPS 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.