ASM International (OTCMKTS:ASMIY) Shares Gap Up – Time to Buy?

ASM International NV (OTCMKTS:ASMIY) shares gapped up before the market opened 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.

Wall Street Analyst Weigh In

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

ASM International Price Performance

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

About ASM International

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.