ASM International (OTCMKTS:ASMIY) Hits New 1-Year High – Should You Buy?

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

Analyst Ratings Changes

A number of research firms have issued reports on ASMIY. Jefferies Financial Group downgraded shares of ASM International from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, February 18th. BNP Paribas Exane raised shares of ASM International to an “outperform” rating in a research note on Monday, February 2nd. Morgan Stanley reaffirmed an “overweight” rating on shares of ASM International in a report on Friday, January 16th. Barclays reissued 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 report on Tuesday, January 20th. One research 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 assigned a Sell rating to the company. According to MarketBeat, ASM International presently has an average rating of “Moderate Buy”.

ASM International Stock Up 2.9%

The stock has a 50 day moving average of $752.61 and a 200 day moving average of $636.31. The company has a market capitalization of $42.96 billion, a price-to-earnings ratio of 48.43 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.