ASM International NV has accelerated its share buyback program, repurchasing 43.6% of its allocated €150 million to boost shareholder value and potentially impact its stock price.
ASM’s share price has recovered from a 52-week low of 333.3 EUR to 543.4 EUR, with a recent share buyback update suggesting a focus on stabilizing its stock value.
ASM’s share price may have stabilized, but technical analysis suggests it’s overvalued and ripe for a correction, warning investors to exercise caution.
ASM International NV shareholders approved key resolutions at the company’s 2025 Annual General Meeting, including adoption of 2024 annual accounts, a €3.00 dividend per common share, and a share buyback program update.
Shareholders at ASM International’s 2025 Annual General Meeting overwhelmingly approved all proposed resolutions, indicating confidence in the company’s leadership and strategy.
ASM International’s share buyback update demonstrates the company’s confidence in its growth prospects, despite macroeconomic risks, with analysts upgrading their rating to strong buy and setting a price target of €550 per share.
ASM International NV reports strong demand for its products, particularly in China and AI-linked segments, and predicts 10-20% annual sales growth in 2025.
Asm’s stock price has plummeted from a 52-week high of 748 EUR to a current low of 427.8 EUR, sparking investor concerns and raising questions about the company’s financial health and future prospects.