Amtech Systems (NASDAQ:ASYS) Upgraded to Strong-Buy at Zacks Research

Amtech Systems (NASDAQ:ASYS) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

ASYS has been the topic of a number of other research reports. Wall Street Zen raised Amtech Systems from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Weiss Ratings downgraded Amtech Systems from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday. Finally, Roth Mkm reiterated a “buy” rating and issued a $22.00 price target on shares of Amtech Systems in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $22.00.

Amtech Systems Stock Performance

ASYS stock opened at $20.67 on Wednesday. The firm has a market cap of $300.96 million, a PE ratio of 121.59 and a beta of 1.99. The firm’s 50 day moving average price is $20.04 and its 200-day moving average price is $15.54. Amtech Systems has a one year low of $4.12 and a one year high of $25.71.

Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $19.50 million. Amtech Systems had a return on equity of 5.58% and a net margin of 3.11%. Equities research analysts predict that Amtech Systems will post 0.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Amtech Systems

A number of hedge funds have recently added to or reduced their stakes in ASYS. Kestra Advisory Services LLC acquired a new stake in shares of Amtech Systems in the 4th quarter valued at approximately $88,000. XTX Topco Ltd acquired a new position in shares of Amtech Systems during the 2nd quarter worth $105,000. Millennium Management LLC purchased a new position in shares of Amtech Systems in the 3rd quarter valued at about $111,000. NewEdge Advisors LLC acquired a new stake in shares of Amtech Systems in the third quarter valued at about $135,000. Finally, Walleye Capital LLC purchased a new stake in shares of Amtech Systems during the 1st quarter worth approximately $142,000. Institutional investors and hedge funds 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.