Amtech Systems (NASDAQ:ASYS) Stock Rating Upgraded by Wall Street Zen

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

Several other research firms have also recently weighed in on ASYS. Weiss Ratings upgraded shares of Amtech Systems from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 31st. Zacks Research downgraded Amtech Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $22.00.

Amtech Systems Price Performance

Shares of NASDAQ:ASYS opened at $14.95 on Friday. The business’s 50 day moving average is $16.36 and its 200 day moving average is $16.65. Amtech Systems has a 12-month low of $6.18 and a 12-month high of $25.71. The stock has a market cap of $261.77 million, a price-to-earnings ratio of 57.50 and a beta of 2.01.

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

Insider Activity at Amtech Systems

In other news, CEO Guy Shechter acquired 3,450 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were acquired at an average price of $14.34 per share, for a total transaction of $49,473.00. Following the completion of the purchase, the chief executive officer owned 53,450 shares in the company, valued at approximately $766,473. This trade represents a 6.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 26.90% of the company’s stock.

Institutional Trading of Amtech Systems

A number of large investors have recently bought and sold shares of the company. California State Teachers Retirement System bought a new position in shares of Amtech Systems during the 2nd quarter worth $86,000. Kestra Advisory Services LLC bought a new stake in Amtech Systems in the 4th quarter valued at about $88,000. Millennium Management LLC bought a new stake in Amtech Systems in the 3rd quarter valued at about $111,000. Walleye Capital LLC purchased a new stake in Amtech Systems during the first quarter valued at about $142,000. Finally, Graham Capital Management L.P. purchased a new stake in Amtech Systems during the fourth quarter valued at about $158,000. 50.21% of the stock is owned by hedge funds and other institutional investors.

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.