Amtech Systems (ASYS) Earning Somewhat Favorable Media Coverage, Report Finds
Media coverage about Amtech Systems (NASDAQ:ASYS) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Amtech Systems earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 45.9313800737848 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Several research analysts have issued reports on ASYS shares. TheStreet upgraded Amtech Systems from a “d+” rating to a “c-” rating in a research report on Monday, May 15th. Cowen and Company set a $14.00 target price on Amtech Systems and gave the company a “buy” rating in a research report on Wednesday, August 9th. Benchmark Co. restated a “buy” rating and set a $12.00 target price on shares of Amtech Systems in a research report on Thursday, August 10th. Zacks Investment Research upgraded Amtech Systems from a “sell” rating to a “hold” rating and set a $8.50 target price for the company in a research report on Tuesday, May 16th. Finally, Roth Capital started coverage on Amtech Systems in a research report on Friday, August 4th. They set a “buy” rating and a $12.00 target price for the company. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $12.63.
Shares of Amtech Systems (NASDAQ ASYS) traded down 0.27% during mid-day trading on Thursday, hitting $11.20. The company had a trading volume of 19,953 shares. Amtech Systems has a 52-week low of $3.99 and a 52-week high of $11.82. The firm has a 50-day moving average price of $9.86 and a 200 day moving average price of $7.76. The firm has a market capitalization of $149.37 million, a price-to-earnings ratio of 96.55 and a beta of 2.03.
Amtech Systems (NASDAQ:ASYS) last announced its quarterly earnings data on Wednesday, August 9th. The semiconductor company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.30. Amtech Systems had a net margin of 1.00% and a return on equity of 2.34%. The business had revenue of $47.76 million for the quarter, compared to analyst estimates of $40.40 million. During the same period last year, the business earned ($0.09) EPS. The company’s revenue was up 43.3% on a year-over-year basis. Analysts expect that Amtech Systems will post $0.23 earnings per share for the current year.
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About Amtech Systems
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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