ASM International (OTCMKTS:ASMIY) Stock Jumps 6.7% – Time to Buy?

Shares of ASM International NV (OTCMKTS:ASMIY) shot up 6.7% during mid-day trading on Tuesday. The stock traded as high as $769.40 and last traded at $768.9850. Approximately 88 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 11,685 shares. The stock had previously closed at $720.75.

Analyst Ratings Changes

A number of brokerages have recently commented on ASMIY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASM International in a research note on Thursday, July 30th. Morgan Stanley reiterated an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. Finally, Zacks Research downgraded shares of ASM International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 29th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

ASM International Stock Performance

The stock has a fifty day moving average price of $906.17 and a 200-day moving average price of $932.69. The firm has a market cap of $36.97 billion, a PE ratio of 32.07 and a beta of 2.05.

ASM International Company Profile

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.