ASM International (OTCMKTS:ASMIY) Sets New 1-Year High – Here’s Why

ASM International NV (OTCMKTS:ASMIY)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $1,025.00 and last traded at $1,019.1970, with a volume of 1766 shares trading hands. The stock had previously closed at $988.00.

Wall Street Analyst Weigh In

ASMIY has been the subject of a number of research analyst reports. Citigroup restated a “buy” rating on shares of ASM International in a report on Thursday, April 23rd. BNP Paribas Exane raised shares of ASM International to an “outperform” rating in a report on Monday, February 2nd. Barclays reissued an “overweight” rating on shares of ASM International in a report on Monday, January 26th. Morgan Stanley reaffirmed an “overweight” rating on shares of ASM International in a report on Friday, January 16th. Finally, Zacks Research raised shares of ASM International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 25th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

ASM International Stock Performance

The stock’s fifty day moving average price is $848.31 and its two-hundred day moving average price is $739.91. The company has a market cap of $49.91 billion, a P/E ratio of 43.59 and a beta of 2.02.

ASM International (OTCMKTS:ASMIY) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $5.87 earnings per share for the quarter, topping analysts’ consensus estimates of $4.58 by $1.29. ASM International had a net margin of 31.07% and a return on equity of 20.41%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $944.69 million. On average, equities research analysts forecast that ASM International NV will post 26.12 EPS for the current 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.