Amtech Systems (NASDAQ:ASYS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors 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. “

ASYS has been the subject of several other reports. Benchmark reiterated a “buy” rating and set a $18.00 target price (up from $12.00) on shares of Amtech Systems in a report on Tuesday, November 21st. ValuEngine lowered shares of Amtech Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $14.88.

Amtech Systems (NASDAQ ASYS) traded up $0.67 during mid-day trading on Monday, hitting $10.98. 537,300 shares of the stock traded hands, compared to its average volume of 246,400. Amtech Systems has a 1 year low of $4.02 and a 1 year high of $15.45. The stock has a market capitalization of $160.71, a price-to-earnings ratio of 16.89 and a beta of 1.97. The company has a quick ratio of 1.48, a current ratio of 1.83 and a debt-to-equity ratio of 0.09.

In related news, insider Jong S. Whang sold 18,600 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $12.54, for a total value of $233,244.00. Following the completion of the transaction, the insider now directly owns 53,066 shares in the company, valued at approximately $665,447.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul J. Van Der Wansem sold 50,662 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $13.04, for a total transaction of $660,632.48. Following the completion of the transaction, the director now owns 330,199 shares of the company’s stock, valued at $4,305,794.96. The disclosure for this sale can be found here. Insiders have sold 144,292 shares of company stock valued at $1,857,068 over the last quarter. 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 ASYS. Northern Trust Corp raised its holdings in Amtech Systems by 1.1% in the 2nd quarter. Northern Trust Corp now owns 21,797 shares of the semiconductor company’s stock worth $184,000 after acquiring an additional 242 shares during the last quarter. EAM Investors LLC purchased a new position in Amtech Systems in the 2nd quarter worth approximately $435,000. Virtu KCG Holdings LLC raised its holdings in Amtech Systems by 14.6% in the 2nd quarter. Virtu KCG Holdings LLC now owns 14,268 shares of the semiconductor company’s stock worth $120,000 after acquiring an additional 1,813 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Amtech Systems by 12.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 466,683 shares of the semiconductor company’s stock worth $3,939,000 after acquiring an additional 52,701 shares during the last quarter. Finally, PDT Partners LLC purchased a new position in Amtech Systems in the 2nd quarter worth approximately $225,000. Institutional investors own 59.27% of the company’s stock.

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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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