ASM International (OTCMKTS:ASMIY) Sets New 52-Week High – Here’s Why

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

Analyst Ratings Changes

ASMIY has been the topic of a number of recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of ASM International in a research report on Tuesday. Zacks Research upgraded ASM International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 23rd. Rothschild Redb downgraded ASM International from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Morgan Stanley restated an “overweight” rating on shares of ASM International in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASM International in a research report on Wednesday, September 24th. Three analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

ASM International Stock Up 3.0%

The stock has a market capitalization of $40.50 billion, a PE ratio of 45.66 and a beta of 1.87. The firm has a 50 day moving average price of $629.59 and a 200-day moving average price of $586.49.

ASM International (OTCMKTS:ASMIY) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $4.90 earnings per share for the quarter, topping 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 company had revenue of $932.68 million for the quarter, compared to the consensus estimate of $814.93 million. Equities analysts expect 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.