ASM International (OTCMKTS:ASMIY) Shares Gap Up – What’s Next?

ASM International NV (OTCMKTS:ASMIY) shares gapped up prior to trading on Monday. The stock had previously closed at $689.30, but opened at $743.85. ASM International shares last traded at $751.07, with a volume of 84 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ASMIY. Morgan Stanley reaffirmed an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASM International in a research note on Thursday, July 30th. Finally, Zacks Research cut shares of ASM International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

ASM International Trading Up 5.1%

The company has a market capitalization of $37.03 billion, a price-to-earnings ratio of 32.13 and a beta of 2.05. The company has a fifty day moving average of $909.79 and a 200-day moving average of $933.09.

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.