ASM International (OTCMKTS:ASMIY) Shares Gap Up – Should You Buy?

ASM International NV (OTCMKTS:ASMIY) gapped up before the market opened on Tuesday. The stock had previously closed at $975.22, but opened at $1,018.07. ASM International shares last traded at $1,006.47, with a volume of 81 shares.

Wall Street Analyst Weigh In

Several analysts have commented on ASMIY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASM International in a research note on Thursday, July 30th. Barclays reiterated an “overweight” rating on shares of ASM International in a research note on Thursday, June 11th. Morgan Stanley restated an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. Finally, Zacks Research raised ASM International from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

ASM International Trading Up 3.2%

The business has a 50 day moving average price of $954.48 and a 200-day moving average price of $969.20. The firm has a market capitalization of $49.21 billion, a PE ratio of 39.48 and a beta of 1.99.

ASM International Company Profile

ASM International N.V. is a Netherlands-based semiconductor equipment company that develops and supplies wafer-processing technologies used in the manufacture of integrated circuits. Its systems are designed to help semiconductor manufacturers deposit and control thin layers of materials on silicon wafers during the production of advanced logic, memory and other semiconductor devices.

The company is particularly known for its atomic layer deposition (ALD) equipment, which enables highly precise deposition of extremely thin films.