Hichem M’Saad  Named CTO & Member Of The Management Board Of ASM International NV

ASM International NV shareholders (or potential shareholders) will be happy to see that the CTO & Member of the Management Board, Hichem M’Saad, recently bought a whopping €2.0m(US$2.21million) worth of stock, at a price of €341. Not only is that a big swing, but it increased their holding size by 35 per cent, which is definitely great to see.

In fact, the recent purchase by Hichem M’Saad was the biggest purchase of ASM International shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of €348. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company’s future. If someone buys shares at well below current prices, it’s a good sign on balance, but keep in mind they may no longer see value. In this case we’re pleased to report that the insider purchases were made at close to current prices.

In the last twelve months ASM International insiders were buying shares, but not selling. .

Does ASM International Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that ASM International insiders own 0.06 per cent of the company, worth about €9.7m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At ASM International Tell Us?

It’s certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that ASM International insiders are expecting a bright future. So while it’s helpful to know what insiders are doing in terms of buying or selling, it’s also helpful to know the risks that a particular company is facing. You’d be interested to know, that we found 2 warning signs for ASM International and we suggest you have a look.

But note: ASM International may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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Find out whether ASM International is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

• This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation.
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