ASM International (OTCMKTS:ASMIY) Sets New 1-Year High – Here’s Why

ASM International NV (OTCMKTS:ASMIY)’s share price reached a new 52-week high on Monday . The company traded as high as $676.9950 and last traded at $675.47, with a volume of 305 shares changing hands. The stock had previously closed at $653.35.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ASMIY shares. Rothschild Redb lowered ASM International from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Citigroup reissued a “buy” rating on shares of ASM International in a report on Tuesday, October 7th. Zacks Research upgraded ASM International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASM International in a research report on Wednesday, September 24th. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, ASM International has a consensus rating of “Buy”.

ASM International Stock Performance

The stock has a market cap of $36.13 billion, a P/E ratio of 40.73 and a beta of 1.87. The stock has a 50-day moving average price of $606.09 and a 200-day moving average price of $577.20.

ASM International (OTCMKTS:ASMIY) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $4.90 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.16. ASM International had a net margin of 24.50% and a return on equity of 21.55%. The company had revenue of $932.68 million for the quarter, compared to analysts’ expectations of $814.93 million. Sell-side analysts forecast that ASM International NV will post 14.46 earnings per share for the current fiscal 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.