Yet Another Research Firm has Initiated Coverage on ASM Intl NV (OTCMKTS:ASMIY)

Share

How Morgan Stanley Currently Rates ASM Intl NV (OTCMKTS:ASMIY)

Stock research analysts at Morgan Stanley have started coverage on ASM Intl NV (OTCMKTS:ASMIY) with “Overweight” rating. This was released in a very recent research note on 15 December.

The stock increased 8.36% or $3.12 on December 15, striking $40.44. Approximately 1,035 shares of stock traded hands. ASM International NV (ADR) (OTCMKTS:ASMIY) has risen 6.00% since November 15, 2015 and is uptrending. It has outperformed by 9.68% the S&P500.

ASM International N.V. is a global supplier of wafer processing equipment, primarily for semiconductor manufacturing. The company has a market cap of $2.54 billion. The Firm designs, makes and sells equipment and services to its clients for the production of semiconductor devices, or integrated circuits (IC’s). It has 14.87 P/E ratio. The Firm operates in two divisions: Front-end and Back-end.

According to Zacks Investment Research, “ASM International is a leading supplier of equipment and solutions used to produce semiconductor devices, or integrated circuits, for both the front-end and back-end segments of the semiconductor market. The company enables the customers to lower their production costs by providing leading-edge technology solutions and efficient manufacturing processes. The company also designs, manufactures and sells equipment that deposits thin films, or layers, of electronically insulating or conductive material onto silicon wafers.”

COMMENTS: