ASM International (OTCMKTS:ASMIY) Reaches New 12-Month High - Should You Buy?

Key Points

• ASM International reached a new 52-week high of $889.85 (last $881.85) and was trading up about 2%, with a market capitalization of $43.39 billion and 50-/200-day moving averages of $809.01 and $701.60.
• Analysts hold a consensus Moderate Buy rating — consisting of 2 Strong Buy, 6 Buy, 1 Hold and 1 Sell — after mixed recent actions (e.g., Zacks upgraded to strong-buy while Jefferies cut to strong sell).
• In the latest quarter ASM reported EPS of $4.02, beating the $3.37 estimate, while revenue was $808.18M versus $815.67M expected; ROE was 19.77% and net margin 23.51%.

ASM International NV (OTCMKTS:ASMIY - Get Free Report)'s share price hit a new 52-week high on Friday . The stock traded as high as $889.85 and last traded at $881.85, with a volume of 144 shares changing hands. The stock had previously closed at $866.57.

Analysts Set New Price Targets

A number of brokerages have issued reports on ASMIY. Citigroup reiterated a "buy" rating on shares of ASM International in a research report on Tuesday, January 20th. Jefferies Financial Group lowered ASM International from a "moderate sell" rating to a "strong sell" rating in a research report on Wednesday, February 18th. BNP Paribas Exane upgraded ASM International to an "outperform" rating in a research report on Monday, February 2nd. Zacks Research upgraded ASM International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 25th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of ASM International in a research report on Friday, January 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

ASM International Trading Up 2.0%

The company has a market capitalization of $43.39 billion, a price-to-earnings ratio of 51.66 and a beta of 1.92. The firm has a 50-day moving average price of $809.01 and a 200-day moving average price of $701.60.

ASM International (OTCMKTS:ASMIY - Get Free Report) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.37 by $0.65. ASM International had a return on equity of 19.77% and a net margin of 23.51%.The company had revenue of $808.18 million for the quarter, compared to analysts' expectations of $815.67 million. Equities research analysts predict that ASM International NV will post 14.46 EPS for the current fiscal year.

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.

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