ASM International (OTCMKTS:ASMIY) Hits New 1-Year High – Should You Buy?

ASM International NV (OTCMKTS:ASMIY) hit a new 52-week high during trading on Monday . The company traded as high as $1,248.72 and last traded at $1,244.25, with a volume of 139 shares traded. The stock had previously closed at $1,236.34.

Analysts Set New Price Targets

A number of research firms recently commented on ASMIY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASM International in a research note on Thursday, April 23rd. Barclays reiterated an “overweight” rating on shares of ASM International in a research note on Thursday, June 11th. Citigroup reissued a “buy” rating on shares of ASM International in a report on Thursday, April 23rd. Finally, Zacks Research upgraded shares of ASM International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

ASM International Stock Performance

The stock has a fifty day simple moving average of $1,031.75 and a two-hundred day simple moving average of $854.20. The stock has a market cap of $55.27 billion, a price-to-earnings ratio of 48.28 and a beta of 2.01.

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