ASM International (OTCMKTS:ASMIY) Sees Large Volume Increase – Should You Buy?

ASM International NV (OTCMKTS:ASMIY) saw strong trading volume on Thursday . Approximately 21,227 shares were traded during mid-day trading, an increase of 135% from the previous session’s volume of 9,040 shares.The stock last traded at $1,059.99 and had previously closed at $1,021.73.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ASMIY shares. Zacks Research cut shares of ASM International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Barclays reaffirmed an “overweight” rating on shares of ASM International in a research note on Thursday, June 11th. Citigroup reiterated a “buy” rating on shares of ASM International in a report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASM International in a research note on Thursday, April 23rd. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

ASM International Stock Up 2.6%

The stock has a market capitalization of $51.26 billion, a PE ratio of 44.78 and a beta of 1.99. The firm’s fifty day moving average price is $1,064.02 and its two-hundred day moving average price is $890.80.

ASM International (OTCMKTS:ASMIY) last posted its earnings results on Tuesday, April 21st. The company reported $5.87 EPS for the quarter, topping analysts’ consensus estimates of $4.58 by $1.29. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $944.69 million. ASM International had a net margin of 31.07% and a return on equity of 20.41%. As a group, analysts predict that ASM International NV will post 26.75 EPS for the current 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.