Amtech Systems (NASDAQ:ASYS) Stock Rating Upgraded by Wall Street Zen

Amtech Systems (NASDAQ:ASYS) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

A number of other analysts have also commented on ASYS. Benchmark reissued a “hold” rating on shares of Amtech Systems in a report on Tuesday, December 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Amtech Systems in a report on Wednesday, October 8th. Finally, Zacks Research raised Amtech Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Amtech Systems Price Performance

Shares of NASDAQ ASYS opened at $12.95 on Friday. The company has a 50-day moving average price of $9.31 and a 200-day moving average price of $7.46. The stock has a market capitalization of $185.96 million, a P/E ratio of -6.08 and a beta of 1.65. Amtech Systems has a 1 year low of $3.20 and a 1 year high of $13.27.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Williams & Novak LLC increased its position in shares of Amtech Systems by 24.8% during the 2nd quarter. Williams & Novak LLC now owns 18,385 shares of the semiconductor company’s stock valued at $82,000 after purchasing an additional 3,650 shares during the last quarter. Millennium Management LLC bought a new position in Amtech Systems during the third quarter valued at about $111,000. Thompson Davis & CO. Inc. bought a new position in Amtech Systems during the third quarter valued at about $123,000. NewEdge Advisors LLC purchased a new stake in Amtech Systems during the third quarter worth about $135,000. Finally, James Investment Research Inc. bought a new stake in Amtech Systems in the third quarter worth about $135,000. Hedge funds and other institutional investors own 50.21% of the company’s stock.

About Amtech Systems

Amtech Systems, Inc is a global supplier of capital equipment and aftermarket parts for the solar photovoltaic and semiconductor industries. The company’s solutions support key steps in wafer and cell production, offering both new machinery and spares designed to optimize yield, throughput and energy efficiency. Amtech operates through two primary segments: solar manufacturing and semiconductor & electronics packaging.

In its solar segment, Amtech provides diffusion furnaces, epitaxy reactors and plasma-enhanced chemical vapor deposition (PECVD) systems used in high-volume solar cell fabrication.