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

ASM International NV (OTCMKTS:ASMIY)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $1,189.3125 and last traded at $1,185.1820, with a volume of 626 shares changing hands. The stock had previously closed at $1,164.26.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a report on Thursday, April 23rd. Zacks Research upgraded shares of ASM International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 25th. Barclays reiterated an “overweight” rating on shares of ASM International in a research note on Thursday. Citigroup reiterated a “buy” rating on shares of ASM International in a research note on Thursday, April 23rd. Finally, Jefferies Financial Group cut shares of ASM International from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

ASM International Trading Up 2.2%

The firm has a fifty day moving average price of $979.36 and a 200 day moving average price of $822.74. The firm has a market capitalization of $58.13 billion, a price-to-earnings ratio of 50.78 and a beta of 2.01.

ASM International (OTCMKTS:ASMIY) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $5.87 EPS for the quarter, topping analysts’ consensus estimates of $4.58 by $1.29. ASM International had a net margin of 31.07% and a return on equity of 20.41%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $944.69 million. As a group, equities analysts predict that ASM International NV will post 26.12 EPS for the current fiscal year.

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.