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

ASM International NV (OTCMKTS:ASMIY) saw strong trading volume on Thursday. 25,407 shares were traded during mid-day trading, an increase of 131% from the previous session’s volume of 11,020 shares. The stock last traded at $1,008.12 and had previously closed at $1,007.45.

Analysts Set New Price Targets

ASMIY has been the subject of a number of recent analyst reports. Zacks Research lowered shares of ASM International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASM International in a report on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

ASM International Stock Up 0.6%

The firm has a 50 day moving average price of $970.27 and a 200 day moving average price of $983.01. The stock has a market cap of $48.53 billion, a PE ratio of 38.93 and a beta of 2.03.

About ASM International

ASM International N.V. is a Netherlands-based semiconductor equipment company that develops and supplies wafer-processing technologies used in the manufacture of integrated circuits. Its systems are designed to help semiconductor manufacturers deposit and control thin layers of materials on silicon wafers during the production of advanced logic, memory and other semiconductor devices.

The company is particularly known for its atomic layer deposition (ALD) equipment, which enables highly precise deposition of extremely thin films.