ASM International (OTCMKTS:ASMIY) Upgraded to Outperform at BNP Paribas Exane

ASM International (OTCMKTS:ASMIY) was upgraded by equities researchers at BNP Paribas Exane from a “neutral” rating to an “outperform” rating in a research report issued on Monday, MarketBeat reports.

Several other research firms also recently issued reports on ASMIY. Jefferies Financial Group downgraded ASM International from a “hold” rating to a “moderate sell” rating in a report on Tuesday, January 13th. Citigroup reaffirmed a “buy” rating on shares of ASM International in a research note on Tuesday, January 20th. Morgan Stanley reissued an “overweight” rating on shares of ASM International in a research report on Friday, January 16th. Exane BNP Paribas raised ASM International to an “outperform” rating in a research note on Monday. Finally, Rothschild Redb cut ASM International from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

ASM International Stock Down 1.9%

OTCMKTS ASMIY opened at $836.29 on Monday. The company’s 50-day simple moving average is $673.01 and its 200 day simple moving average is $600.08. The stock has a market cap of $41.05 billion, a P/E ratio of 46.28 and a beta of 1.91. ASM International has a twelve month low of $372.61 and a twelve month high of $875.64.

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.