Amtech Systems (NASDAQ:ASYS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Amtech Systems (NASDAQ:ASYS) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

Several other research firms also recently weighed in on ASYS. Benchmark reaffirmed a “hold” rating on shares of Amtech Systems in a research note on Tuesday, December 2nd. Zacks Research cut shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Amtech Systems in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Amtech Systems Price Performance

ASYS stock opened at $11.54 on Friday. Amtech Systems has a 12 month low of $3.20 and a 12 month high of $11.74. The firm’s 50-day moving average is $8.20 and its 200 day moving average is $6.63. The company has a market capitalization of $165.71 million, a PE ratio of -5.42 and a beta of 1.70.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership purchased a new stake in Amtech Systems in the 3rd quarter worth approximately $1,689,000. Essex Investment Management Co. LLC acquired a new position in Amtech Systems during the third quarter worth $350,000. EHP Funds Inc. acquired a new position in Amtech Systems during the third quarter worth $234,000. XTX Topco Ltd purchased a new stake in Amtech Systems during the 2nd quarter worth approximately $105,000. Finally, Citadel Advisors LLC lifted its holdings in Amtech Systems by 39.6% in the 3rd quarter. Citadel Advisors LLC now owns 78,454 shares of the semiconductor company’s stock valued at $726,000 after purchasing an additional 22,260 shares in the last quarter. 50.21% of the stock is currently owned by hedge funds and other institutional investors.

About Amtech Systems

Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs) worldwide. The company operates through Semiconductor and Material and Substrate segments.