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

ASM International NV (OTCMKTS:ASMIY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $815.01, but opened at $908.6499. ASM International shares last traded at $909.98, with a volume of 622 shares traded.

Wall Street Analyst Weigh In

ASMIY has been the subject of several recent research reports. Barclays restated an “overweight” rating on shares of ASM International in a report on Thursday, June 11th. Zacks Research raised shares of ASM International from a “hold” rating to a “strong-buy” rating in a report on Monday. Morgan Stanley reiterated an “overweight” rating on shares of ASM International in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASM International in a research note on Friday, July 10th. Finally, Citigroup restated a “buy” rating on shares of ASM International in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, ASM International presently has a consensus rating of “Moderate Buy”.

ASM International Stock Performance

The company has a market capitalization of $44.77 billion, a PE ratio of 35.92 and a beta of 1.99. The stock’s fifty day simple moving average is $1,058.23 and its 200-day simple moving average is $927.59.

ASM International (OTCMKTS:ASMIY) last released its quarterly earnings results on Tuesday, July 28th. The company reported $6.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.87 by $0.05. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.15 billion. ASM International had a net margin of 31.94% and a return on equity of 22.80%. On average, equities analysts anticipate that ASM International NV will post 27.15 EPS for the current year.

About ASM International

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.