ASM International (OTCMKTS:ASMIY) Stock Price Up 6.7% – Time to Buy?

ASM International NV (OTCMKTS:ASMIY – Get Free Report)’s stock price was up 6.7% during mid-day trading on Tuesday. The company traded as high as $769.40 and last traded at $768.9850. 88 shares changed hands during trading, a decline of 99% from the average session volume of 11,685 shares. The stock had previously closed at $720.75.

Analysts Set New Price Targets

Several research firms have recently commented on ASMIY. Deutsche Bank reissued a “buy” rating on shares of ASM International in a research note on Thursday, July 30th. Zacks Research lowered shares of ASM International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 29th. Finally, Morgan Stanley reissued an “overweight” rating on shares of ASM International in a research report on Friday, July 17th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Get Our Latest Stock Report on ASM International

ASM International Price Performance

The company has a market cap of $39.12 billion, a PE ratio of 31.49 and a beta of 2.05. The business’s 50 day moving average is $900.54 and its 200-day moving average is $932.09.

ASM International Company Profile

(Get Free Report)

ASM International N.V. is a Netherlands-based supplier of semiconductor manufacturing equipment and related services. The company develops and produces wafer-processing systems used in the front-end stages of semiconductor production, when device structures are formed on silicon wafers. Its portfolio includes equipment for atomic layer deposition (ALD), epitaxy, plasma-enhanced deposition and vertical furnace processing. These technologies help semiconductor manufacturers create and modify thin films used in chips for logic, memory and other applications.

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