Amtech Systems (NASDAQ:ASYS) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Amtech Systems, Inc. (NASDAQ:ASYS) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.58 and traded as high as $22.69. Amtech Systems shares last traded at $22.4880, with a volume of 808,908 shares changing hands.

Analyst Ratings Changes

ASYS has been the subject of a number of recent analyst reports. Zacks Research raised Amtech Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Wall Street Zen raised Amtech Systems from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Roth Mkm reaffirmed a “buy” rating and set a $22.00 price target on shares of Amtech Systems in a research report on Friday, May 8th. Finally, Weiss Ratings raised Amtech Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $22.00.

Amtech Systems Stock Performance

The stock has a market cap of $349.29 million, a P/E ratio of 141.12 and a beta of 1.99. The firm has a 50-day moving average price of $18.65 and a 200-day moving average price of $14.65.

Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. The company had revenue of $20.47 million for the quarter, compared to the consensus estimate of $19.50 million. Amtech Systems had a return on equity of 5.58% and a net margin of 3.11%. On average, research analysts predict that Amtech Systems, Inc. will post 0.24 earnings per share for the current year.

Institutional Trading of Amtech Systems

Several hedge funds and other institutional investors have recently made changes to their positions in ASYS. Marshall Wace LLP grew its stake in shares of Amtech Systems by 235.0% in the 4th quarter. Marshall Wace LLP now owns 352,624 shares of the semiconductor company’s stock worth $4,425,000 after buying an additional 247,352 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Amtech Systems during the 3rd quarter valued at $1,689,000. Jane Street Group LLC boosted its stake in Amtech Systems by 85.7% during the 4th quarter. Jane Street Group LLC now owns 325,754 shares of the semiconductor company’s stock valued at $4,088,000 after purchasing an additional 150,332 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Amtech Systems by 622.1% during the 4th quarter. Renaissance Technologies LLC now owns 146,596 shares of the semiconductor company’s stock valued at $1,840,000 after purchasing an additional 126,296 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in Amtech Systems during the 4th quarter valued at $1,122,000. Hedge funds and other institutional investors own 50.21% of the company’s stock.

Amtech Systems Company Profile

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.