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

ASM International NV (OTCMKTS:ASMIY) hit a new 52-week high on Monday . The company traded as high as $1,189.3125 and last traded at $1,185.1820, with a volume of 626 shares. The stock had previously closed at $1,164.26.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of ASM International in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reiterated 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. Finally, Jefferies Financial Group downgraded shares of ASM International from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

ASM International Stock Up 2.2%

The firm’s 50-day moving average price is $979.36 and its 200 day moving average price is $822.74. The company has a market capitalization of $58.13 billion, a P/E ratio of 50.78 and a beta of 2.01.

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