Amtech Systems, Inc. (NASDAQ:ASYS) Stock Has Average Target Price of $22.00 According to Analysts

Amtech Systems, Inc. (NASDAQ:ASYS) has received a consensus rating of “Hold” from the five analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $22.00.

ASYS has been the subject of several analyst reports. Lake Street Capital began coverage on shares of Amtech Systems in a report on Tuesday, October 20th. They issued a “buy” rating and a $22.00 target price for the company. Weiss Ratings cut shares of Amtech Systems from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, September 16th. Zacks Research downgraded shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen downgraded shares of Amtech Systems from a “buy” rating to a “hold” rating in a research report on Saturday.

Amtech Systems Trading Up 1.8%

Shares of Amtech Systems stock opened at $12.64 on Tuesday. The stock has a fifty day simple moving average of $15.11 and a 200 day simple moving average of $16.07. Amtech Systems has a 12-month low of $6.75 and a 12-month high of $25.71. The company has a market capitalization of $221.33 million, a P/E ratio of 42.83 and a beta of 2.09.

Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. The business had revenue of $22.38 million for the quarter, compared to analysts’ expectations of $21.50 million. Amtech Systems had a return on equity of 6.33% and a net margin of 4.90%. On average, analysts predict 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 the business’s stock in a transaction dated Monday, August 24th. The shares were purchased at an average price of $14.34 per share, for a total transaction of $49,473.00. Following the purchase, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas Sabol bought 2,000 shares of the stock in a transaction dated Monday, September 14th. The shares were acquired at an average price of $14.13 per share, for a total transaction of $28,260.00. Following the completion of the purchase, the chief financial officer directly owned 2,000 shares in the company, valued at approximately $28,260. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 26.90% of the stock is owned by company insiders.

Institutional Trading of Amtech Systems

Institutional investors have recently added to or reduced their stakes in the stock. AWM Investment Company Inc. purchased a new stake in shares of Amtech Systems in the 2nd quarter valued at about $15,925,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Amtech Systems by 5.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 365,387 shares of the semiconductor company’s stock worth $4,268,000 after buying an additional 18,354 shares during the period. Sei Investments Co. increased its position in shares of Amtech Systems by 104.5% in the first quarter. Sei Investments Co. now owns 92,515 shares of the semiconductor company’s stock valued at $1,081,000 after acquiring an additional 47,282 shares during the period. Bank of New York Mellon Corp bought a new position in Amtech Systems during the 2nd quarter valued at approximately $959,000. Finally, Engineers Gate Manager LP raised its holdings in shares of Amtech Systems by 2.6% during the second quarter. Engineers Gate Manager LP now owns 38,552 shares of the semiconductor company’s stock valued at $890,000 after acquiring an additional 972 shares in the last quarter. Hedge funds and other institutional investors own 50.21% of the company’s stock.

Amtech Systems Company Profile

Amtech Systems, Inc is a semiconductor equipment manufacturer that develops and supplies thermal processing, wafer polishing, and related production technologies for the semiconductor and solar industries. Its equipment is used in the fabrication and processing of silicon and compound semiconductor wafers, including applications involving power semiconductors and other advanced electronic devices.

Through its operating businesses, Amtech has provided systems such as diffusion and oxidation furnaces, rapid thermal processing equipment, wafer transport and handling systems, and polishing equipment and consumables.