ASM International (OTCMKTS:ASMIY) Reaches New 1-Year High – Time to Buy?

ASM International NV (OTCMKTS:ASMIY)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $1,189.3125 and last traded at $1,185.1820, with a volume of 626 shares changing hands. The stock had previously closed at $1,164.26.

Wall Street Analyst Weigh In

ASMIY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASM International in a report on Thursday, April 23rd. Jefferies Financial Group cut ASM International from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, February 18th. Barclays reissued an “overweight” rating on shares of ASM International in a report on Thursday, June 11th. Zacks Research raised ASM International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 25th. Finally, Citigroup reiterated a “buy” rating on shares of ASM International in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

ASM International Price Performance

The firm has a 50 day simple moving average of $994.84 and a 200-day simple moving average of $831.40. The stock has a market capitalization of $55.69 billion, a price-to-earnings ratio of 48.64 and a beta of 2.01.

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