ASM International (OTCMKTS:ASMIY) Hits New 12-Month High – Here’s What Happened

Shares of ASM International NV (OTCMKTS:ASMIY) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $876.26 and last traded at $875.00, with a volume of 3991 shares changing hands. The stock had previously closed at $850.5350.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ASMIY shares. Jefferies Financial Group lowered ASM International from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Citigroup reiterated a “buy” rating on shares of ASM International in a report on Tuesday, January 20th. Rothschild & Co Redburn cut shares of ASM International from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Morgan Stanley reaffirmed an “overweight” rating on shares of ASM International in a research note on Friday, January 16th. Finally, Barclays reiterated an “overweight” rating on shares of ASM International in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, ASM International has an average rating of “Moderate Buy”.

ASM International Stock Performance

The company has a market cap of $42.96 billion, a price-to-earnings ratio of 48.43 and a beta of 1.91. The stock’s fifty day moving average is $752.61 and its two-hundred day moving average is $636.31.

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.