ASM International (OTCMKTS:ASMIY) Hits New 52-Week High – Here’s What Happened

ASM International NV (OTCMKTS:ASMIY) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $793.50 and last traded at $785.83, with a volume of 297 shares changing hands. The stock had previously closed at $714.67.

Analyst Ratings Changes

Several equities research analysts recently commented on ASMIY shares. Jefferies Financial Group downgraded shares of ASM International from a “hold” rating to a “moderate sell” rating in a research report on Tuesday. Rothschild Redb cut shares of ASM International from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASM International in a research note on Wednesday, September 24th. Citigroup reiterated a “buy” rating on shares of ASM International in a research note on Tuesday, October 7th. Finally, Zacks Research upgraded ASM International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 23rd. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

ASM International Trading Up 8.9%

The stock has a market capitalization of $38.22 billion, a PE ratio of 43.09 and a beta of 1.87. The business has a fifty day moving average price of $615.34 and a 200-day moving average price of $581.51.

ASM International (OTCMKTS:ASMIY) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $4.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.16. The company had revenue of $932.68 million during the quarter, compared to analysts’ expectations of $814.93 million. ASM International had a net margin of 24.50% and a return on equity of 21.55%. On average, equities analysts anticipate that ASM International NV will post 14.46 earnings per share for the current fiscal year.

About ASM International

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.