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

ASM International NV (OTCMKTS:ASMIY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $1,059.30 and last traded at $1,054.53, with a volume of 7839 shares trading hands. The stock had previously closed at $1,051.50.

Analyst Upgrades and Downgrades

ASMIY has been the subject of a number of recent research reports. Zacks Research upgraded ASM International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a research note on Thursday, April 23rd. Jefferies Financial Group lowered shares of ASM International from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, February 18th. BNP Paribas Exane upgraded shares of ASM International to an “outperform” rating in a research note on Monday, February 2nd. Finally, Citigroup restated a “buy” rating on shares of ASM International in a research note on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, ASM International currently has a consensus rating of “Moderate Buy”.

ASM International Trading Up 3.4%

The firm has a market cap of $50.69 billion, a P/E ratio of 44.28 and a beta of 2.02. The company’s 50 day simple moving average is $870.02 and its 200-day simple moving average is $756.60.

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

About ASM International

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.