ASM International NV (OTCMKTS:ASMIY) Stock Rated “Moderate Buy” by Sell-Side Brokerages

ASM International NV (OTCMKTS:ASMIY) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company.

ASMIY has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. Zacks Research downgraded ASM International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a research report on Thursday, July 30th.

ASM International Trading Up 6.0%

ASMIY opened at $764.10 on Friday. The firm has a 50-day moving average price of $906.17 and a two-hundred day moving average price of $932.69. ASM International has a 1-year low of $532.31 and a 1-year high of $1,248.72. The stock has a market capitalization of $37.35 billion, a PE ratio of 31.69 and a beta of 2.05.

About ASM International

ASM International N.V. is a Netherlands-based supplier of semiconductor manufacturing equipment and related services. The company develops and produces wafer-processing systems used in the front-end stages of semiconductor production, when device structures are formed on silicon wafers.

Its portfolio includes equipment for atomic layer deposition (ALD), epitaxy, plasma-enhanced deposition and vertical furnace processing. These technologies help semiconductor manufacturers create and modify thin films used in chips for logic, memory and other applications.