Amtech Systems, Inc. (NASDAQ:ASYS) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Monday.

According to Zacks, “AMTECH SYSTEMS, INC. is engaged in the manufacture of several items of capital equipment, one of which is patented, used by customers in the manufacture of semiconductors. Co. has recently obtained a U.S. patent on technology on which it expects to base a proposed new photo chemical vapor deposition (CVD) product for use in semiconductor manufacturing facilities. The Company has engaged the University of California, Santa Cruz, to conduct a study to determine the feasibility of such a product. “

Other research analysts also recently issued reports about the stock. Benchmark Co. reissued a “buy” rating and set a $12.00 price target on shares of Amtech Systems in a research note on Thursday, August 10th. Cowen and Company set a $14.00 price target on shares of Amtech Systems and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Finally, Roth Capital started coverage on shares of Amtech Systems in a research note on Friday, August 4th. They set a “buy” rating and a $12.00 price target on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $13.38.

Shares of Amtech Systems (NASDAQ ASYS) opened at 15.25 on Monday. Amtech Systems has a one year low of $3.99 and a one year high of $15.45. The company’s 50 day moving average is $11.68 and its 200-day moving average is $8.93. The firm has a market capitalization of $203.39 million, a price-to-earnings ratio of 131.47 and a beta of 2.11.

Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings results on Wednesday, August 9th. The semiconductor company reported $0.25 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.30. The firm had revenue of $47.76 million for the quarter, compared to the consensus estimate of $40.40 million. Amtech Systems had a net margin of 1.00% and a return on equity of 2.34%. The business’s revenue was up 43.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.09) earnings per share. Equities analysts expect that Amtech Systems will post $0.23 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of ASYS. Virtu KCG Holdings LLC increased its stake in shares of Amtech Systems by 14.6% in the second quarter. Virtu KCG Holdings LLC now owns 14,268 shares of the semiconductor company’s stock worth $120,000 after buying an additional 1,813 shares during the period. Northern Trust Corp increased its stake in shares of Amtech Systems by 1.1% in the second quarter. Northern Trust Corp now owns 21,797 shares of the semiconductor company’s stock worth $184,000 after buying an additional 242 shares during the period. Ironwood Investment Management LLC increased its stake 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 period. PDT Partners LLC purchased a new position in shares of Amtech Systems in the second quarter worth $225,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Amtech Systems in the second quarter worth $241,000. 49.99% of the stock is currently owned by institutional investors.

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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