ASM International (OTCMKTS:ASMIY) Shares Up 3.9% – Still a Buy?

Shares of ASM International NV (OTCMKTS:ASMIY) shot up 3.9% during trading on Monday . The company traded as high as $1,037.73 and last traded at $1,018.16. 4,162 shares were traded during trading, a decline of 19% from the average session volume of 5,145 shares. The stock had previously closed at $979.86.

Analyst Ratings Changes

ASMIY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASM International in a report on Thursday, April 23rd. Jefferies Financial Group lowered shares of ASM International from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Zacks Research upgraded ASM International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 25th. Finally, Citigroup reiterated a “buy” rating on shares of ASM International in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

ASM International Stock Up 3.9%

The stock’s 50-day simple moving average is $951.04 and its 200 day simple moving average is $807.44. The company has a market cap of $49.77 billion, a price-to-earnings ratio of 43.47 and a beta of 2.01.

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

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.