Amtech Systems (NASDAQ:ASYS) Rating Lowered to Hold at Zacks Research

Amtech Systems (NASDAQ:ASYS) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other research firms also recently issued reports on ASYS. Weiss Ratings upgraded Amtech Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 10th. Roth Capital reiterated a “buy” rating and set a $22.00 target price on shares of Amtech Systems in a research note on Friday, May 8th. Finally, Wall Street Zen raised shares of Amtech Systems from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $22.00.

Amtech Systems Trading Down 7.9%

ASYS opened at $15.89 on Thursday. Amtech Systems has a twelve month low of $4.30 and a twelve month high of $25.71. The firm has a market cap of $231.36 million, a price-to-earnings ratio of 93.47 and a beta of 1.98. The company has a fifty day simple moving average of $20.00 and a 200 day simple moving average of $16.49.

Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Amtech Systems had a net margin of 3.11% and a return on equity of 5.58%. The company had revenue of $20.47 million during the quarter, compared to analysts’ expectations of $19.50 million. On average, analysts forecast that Amtech Systems will post 0.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in shares of Amtech Systems in the 4th quarter valued at about $88,000. XTX Topco Ltd bought a new position in shares of Amtech Systems during the second quarter valued at approximately $105,000. Millennium Management LLC acquired a new stake in shares of Amtech Systems during the 3rd quarter worth approximately $111,000. NewEdge Advisors LLC acquired a new stake in shares of Amtech Systems during the 3rd quarter worth approximately $135,000. Finally, Walleye Capital LLC bought a new stake in shares of Amtech Systems in the 1st quarter worth approximately $142,000. Institutional investors own 50.21% of the company’s stock.

Amtech Systems Company Profile

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.