Amtech Systems, Inc. (NASDAQ:ASYS) has been assigned an average recommendation of “Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $11.63.

A number of brokerages have recently weighed in on ASYS. Benchmark Co. reiterated a “buy” rating and issued a $12.00 price objective on shares of Amtech Systems in a research report on Thursday. Cowen and Company set a $14.00 price objective on Amtech Systems and gave the stock a “buy” rating in a research report on Wednesday. ValuEngine upgraded Amtech Systems from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. Roth Capital began coverage on Amtech Systems in a research report on Friday, August 4th. They issued a “buy” rating and a $12.00 price objective on the stock. Finally, Zacks Investment Research upgraded Amtech Systems from a “sell” rating to a “hold” rating and set a $8.50 price objective on the stock in a research report on Tuesday, May 16th.

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Amtech Systems (NASDAQ:ASYS) opened at 9.64 on Thursday. The firm’s market capitalization is $127.25 million. The company has a 50 day moving average price of $8.71 and a 200-day moving average price of $7.08. Amtech Systems has a 1-year low of $3.99 and a 1-year high of $9.68.

In other news, Director Robert F. King sold 4,700 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $8.68, for a total value of $40,796.00. Following the completion of the transaction, the director now owns 12,900 shares in the company, valued at approximately $111,972. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 34.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ironwood Investment Management LLC boosted its position in shares of Amtech Systems by 6.4% in the first quarter. Ironwood Investment Management LLC now owns 39,978 shares of the semiconductor company’s stock worth $220,000 after buying an additional 2,398 shares during the last quarter. WealthTrust Axiom LLC boosted its position in shares of Amtech Systems by 7.7% in the first quarter. WealthTrust Axiom LLC now owns 59,937 shares of the semiconductor company’s stock worth $329,000 after buying an additional 4,308 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Amtech Systems by 6.6% in the first quarter. Renaissance Technologies LLC now owns 105,736 shares of the semiconductor company’s stock worth $582,000 after buying an additional 6,500 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Amtech Systems by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 413,982 shares of the semiconductor company’s stock worth $2,277,000 after buying an additional 21,630 shares during the last quarter. Finally, Algert Global LLC bought a new position in shares of Amtech Systems during the first quarter worth about $147,000. Institutional investors and hedge funds own 53.65% of the company’s stock.

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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