ASM International (OTCMKTS:ASMIY) Sets New 1-Year Low – What’s Next?

ASM International NV (OTCMKTS:ASMIY) reached a new 52-week low on Tuesday . The company traded as low as $443.10 and last traded at $450.17, with a volume of 7129 shares trading hands. The stock had previously closed at $455.19.

Analyst Upgrades and Downgrades

Separately, BNP Paribas began coverage on ASM International in a research note on Tuesday, December 3rd. They set a “neutral” rating and a $561.00 price target for the company.

ASM International Price Performance

The stock has a market capitalization of $22.10 billion, a PE ratio of 37.23 and a beta of 1.67. The firm’s 50 day simple moving average is $544.09 and its 200 day simple moving average is $570.08.

ASM International (OTCMKTS:ASMIY) last issued its earnings results on Tuesday, February 25th. The company reported $5.01 EPS for the quarter, topping analysts’ consensus estimates of $4.14 by $0.87. ASM International had a net margin of 19.98% and a return on equity of 17.10%. The company had revenue of $863.04 million for the quarter, compared to analysts’ expectations of $865.31 million. Analysts expect that ASM International NV will post 14.46 earnings per share for the current fiscal year.

About ASM International

ASM International NV, together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices in Europe, the United States, and Asia. The company’s products include wafer processing deposition systems for atomic layer deposition (ALD), epitaxy, silicon carbide, plasma enhanced chemical vapor deposition (PECVD), and vertical furnace systems, including low pressure chemical vapor deposition (LPCVD), diffusion, and oxidation products, as well as provides spare parts and support services.