Amtech Systems (NASDAQ:ASYS) Downgraded by Wall Street Zen to Buy

Wall Street Zen downgraded shares of Amtech Systems (NASDAQ:ASYS) from a strong-buy rating to a buy rating in a research note issued to investors on Sunday.

Other analysts also recently issued research reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Amtech Systems in a research report on Wednesday, October 8th. Benchmark reaffirmed a “hold” rating on shares of Amtech Systems in a research note on Tuesday, December 2nd. Finally, Zacks Research raised shares of Amtech Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Amtech Systems presently has a consensus rating of “Hold”.

Amtech Systems Stock Performance

Shares of NASDAQ:ASYS opened at $13.92 on Friday. Amtech Systems has a 52-week low of $3.20 and a 52-week high of $13.97. The business’s 50 day simple moving average is $9.86 and its two-hundred day simple moving average is $7.78. The firm has a market cap of $199.89 million, a P/E ratio of -6.54 and a beta of 1.65.

Institutional Trading of Amtech Systems

Several institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in Amtech Systems by 135.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 30,066 shares of the semiconductor company’s stock worth $145,000 after purchasing an additional 17,297 shares in the last quarter. Williams & Novak LLC boosted its stake in shares of Amtech Systems by 24.8% in the 2nd quarter. Williams & Novak LLC now owns 18,385 shares of the semiconductor company’s stock worth $82,000 after buying an additional 3,650 shares during the last quarter. Wexford Capital LP bought a new position in shares of Amtech Systems in the third quarter valued at approximately $174,000. Brevan Howard Capital Management LP purchased a new stake in shares of Amtech Systems during the third quarter valued at approximately $167,000. Finally, NewEdge Advisors LLC bought a new stake in Amtech Systems during the third quarter worth $135,000. Hedge funds and other institutional investors own 50.21% of the company’s stock.

About Amtech Systems

Amtech Systems, Inc is a global supplier of capital equipment and aftermarket parts for the solar photovoltaic and semiconductor industries. The company’s solutions support key steps in wafer and cell production, offering both new machinery and spares designed to optimize yield, throughput and energy efficiency. Amtech operates through two primary segments: solar manufacturing and semiconductor & electronics packaging.

In its solar segment, Amtech provides diffusion furnaces, epitaxy reactors and plasma-enhanced chemical vapor deposition (PECVD) systems used in high-volume solar cell fabrication.