ASM International NV (OTCMKTS:ASMIY – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $974.83 and traded as low as $953.92. ASM International shares last traded at $959.51, with a volume of 5,208 shares changing hands.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on ASMIY. Barclays reaffirmed an “overweight” rating on shares of ASM International in a report on Thursday, June 11th. Morgan Stanley reissued an “overweight” rating on shares of ASM International in a report on Friday, July 17th. Zacks Research upgraded ASM International from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASM International in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.
Read Our Latest Stock Report on ASM International
ASM International Stock Up 1.2%
About ASM International
ASM International N.V. is a Netherlands-based semiconductor equipment company that develops and manufactures wafer-processing systems used in the production of advanced integrated circuits. Its equipment is installed in semiconductor fabrication facilities operated by chip manufacturers around the world.
The company’s product portfolio focuses on deposition technologies, including atomic layer deposition (ALD), epitaxy, chemical vapor deposition (CVD) and related processes. These systems help manufacturers deposit extremely thin and precisely controlled layers of materials onto silicon wafers for applications such as logic, memory and other advanced semiconductor devices.
Founded in 1968 by Arthur del Prado, ASM International has played a significant role in the development and commercialization of wafer-processing technologies, particularly ALD.
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