ASM International (OTCMKTS:ASMIY) Hits New 12-Month High – Still a Buy?

ASM International NV (OTCMKTS:ASMIY)’s share price hit a new 52-week high on Tuesday . The company traded as high as $1,081.91 and last traded at $1,081.91, with a volume of 682 shares changing hands. The stock had previously closed at $1,018.16.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Zacks Research upgraded ASM International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a research report on Thursday, April 23rd. Citigroup restated a “buy” rating on shares of ASM International in a research report on Thursday, April 23rd. Finally, Jefferies Financial Group lowered ASM International from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

ASM International Stock Up 0.8%

The company has a 50 day simple moving average of $951.04 and a two-hundred day simple moving average of $807.44. The company has a market capitalization of $50.15 billion, a P/E ratio of 43.81 and a beta of 2.01.

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