Amtech Systems (NASDAQ:ASYS) Rating Lowered to “Buy” at Wall Street Zen

Amtech Systems (NASDAQ:ASYS) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

Other equities analysts have also recently issued reports about the stock. Zacks Research cut shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Weiss Ratings upgraded shares of Amtech Systems from a “sell (d)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Finally, Roth Capital reiterated a “buy” rating and issued a $22.00 price objective on shares of Amtech Systems in a report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $22.00.

Amtech Systems Stock Performance

Shares of ASYS opened at $15.06 on Friday. Amtech Systems has a 12 month low of $5.63 and a 12 month high of $25.71. The stock’s 50 day moving average is $17.05 and its two-hundred day moving average is $16.52. The firm has a market cap of $263.67 million, a P/E ratio of 57.92 and a beta of 2.02.

Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. Amtech Systems had a return on equity of 6.33% and a net margin of 4.90%.The business had revenue of $22.38 million during the quarter, compared to analysts’ expectations of $21.50 million. Equities research analysts forecast that Amtech Systems will post 0.33 EPS for the current year.

Insider Activity at Amtech Systems

In other Amtech Systems news, CEO Guy Shechter bought 3,450 shares of Amtech Systems stock in a transaction dated Monday, August 24th. The stock was acquired at an average cost of $14.34 per share, for a total transaction of $49,473.00. Following the completion of the transaction, the chief executive officer directly owned 53,450 shares of the company’s stock, valued at approximately $766,473. This represents a 6.90% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 26.90% of the stock is owned by company insiders.

Institutional Trading of Amtech Systems

Several large investors have recently bought and sold shares of the business. California State Teachers Retirement System acquired a new stake in Amtech Systems in the 2nd quarter valued at about $86,000. Kestra Advisory Services LLC acquired a new position in shares of Amtech Systems during the 4th quarter worth approximately $88,000. XTX Topco Ltd acquired a new position in shares of Amtech Systems during the 2nd quarter worth approximately $105,000. Millennium Management LLC purchased a new stake in shares of Amtech Systems in the third quarter valued at approximately $111,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of Amtech Systems in the third quarter valued at approximately $135,000. 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.