ASM International (OTCMKTS:ASMIY) Sees Large Volume Increase – Time to Buy?

Shares of ASM International NV (OTCMKTS:ASMIY) saw unusually-strong trading volume on Friday. 12,311 shares traded hands during mid-day trading, an increase of 7% from the average daily volume of 11,519 shares. The stock last traded at $735.44 and had previously closed at $689.30.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Morgan Stanley reissued an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a report on Thursday, July 30th. Finally, Zacks Research lowered ASM International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

ASM International Stock Performance

The stock has a market cap of $35.39 billion, a P/E ratio of 30.70 and a beta of 2.05. The firm’s 50 day moving average is $914.73 and its 200 day moving average is $933.61.

About ASM International

ASM International N.V. is a Netherlands-based semiconductor equipment company that develops and supplies wafer-processing systems used in the production of advanced integrated circuits. Its technologies support key stages of semiconductor manufacturing, including the deposition and formation of thin films on silicon wafers.

The company’s product portfolio includes atomic layer deposition (ALD), epitaxy, chemical vapor deposition (CVD), and related wafer-processing solutions. These systems are used to manufacture logic, memory, and other semiconductor devices, particularly as chipmakers adopt smaller process geometries and increasingly complex three-dimensional structures.

Founded in 1968 by Arthur del Prado, ASM International serves semiconductor manufacturers and research organizations through operations and support networks spanning Europe, North America, and Asia.