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

ASM International NV (OTCMKTS:ASMIY)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company 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.

Analyst Ratings Changes

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

ASM International Price Performance

The firm has a fifty day moving average price of $768.01 and a 200 day moving average price of $641.90. The firm has a market capitalization of $41.57 billion, a PE ratio of 46.86 and a beta of 1.91.

ASM International Company Profile

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.