Amtech Systems (NASDAQ:ASYS) was downgraded by equities research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report issued on Friday.
A number of other brokerages also recently issued reports on ASYS. Zacks Investment Research downgraded shares of Amtech Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Benchmark restated a “buy” rating and issued a $18.00 price target (up previously from $12.00) on shares of Amtech Systems in a research report on Tuesday, November 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Amtech Systems currently has a consensus rating of “Buy” and a consensus target price of $14.88.
Amtech Systems (NASDAQ ASYS) opened at $7.69 on Friday. The stock has a market cap of $115.89, a P/E ratio of 7.12 and a beta of 1.76. Amtech Systems has a 1 year low of $5.16 and a 1 year high of $15.45. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.35 and a quick ratio of 1.96.
Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.19. The firm had revenue of $73.60 million for the quarter, compared to the consensus estimate of $61.79 million. Amtech Systems had a net margin of 7.48% and a return on equity of 19.49%. The business’s revenue for the quarter was up 152.9% compared to the same quarter last year. equities research analysts forecast that Amtech Systems will post 0.5 earnings per share for the current fiscal year.
In related news, insider Jong S. Whang sold 18,600 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $12.54, for a total transaction of $233,244.00. Following the transaction, the insider now owns 53,066 shares in the company, valued at approximately $665,447.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert F. King sold 17,699 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $11.25, for a total transaction of $199,113.75. Following the transaction, the director now owns 10,200 shares in the company, valued at approximately $114,750. The disclosure for this sale can be found here. Insiders have sold a total of 41,299 shares of company stock worth $482,358 in the last quarter. 34.60% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in ASYS. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Amtech Systems during the 3rd quarter valued at $102,000. JPMorgan Chase & Co. lifted its position in shares of Amtech Systems by 1,331.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,878 shares of the semiconductor company’s stock valued at $104,000 after acquiring an additional 8,258 shares during the period. Wells Fargo & Company MN acquired a new position in shares of Amtech Systems during the 4th quarter valued at $105,000. Nationwide Fund Advisors lifted its position in shares of Amtech Systems by 427.8% during the 3rd quarter. Nationwide Fund Advisors now owns 9,500 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 7,700 shares during the period. Finally, Monashee Investment Management LLC acquired a new position in shares of Amtech Systems during the 4th quarter valued at $115,000. Institutional investors own 64.10% of the company’s stock.
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Amtech Systems Company Profile
Amtech Systems, Inc is engaged in the manufacture of capital equipment, including thermal processing, silicon wafer handling automation and related consumables used in fabricating solar cells, Light Emitting Diode (LED) and semiconductor devices. The Company operates through three business segments: solar, semiconductor and polishing.
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