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.”