Amtech Systems (NASDAQ:ASYS) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen downgraded shares of Amtech Systems (NASDAQ:ASYS) from a strong-buy rating to a buy rating in a research note released on Saturday morning.

A number of other research analysts also recently issued reports on the stock. Zacks Research downgraded shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Roth Capital reissued a “buy” rating and set a $22.00 target price on shares of Amtech Systems in a research report on Friday, May 8th. Finally, Weiss Ratings upgraded shares of Amtech Systems from a “sell (d)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Amtech Systems has a consensus rating of “Hold” and an average price target of $22.00.

Amtech Systems Price Performance

Shares of NASDAQ ASYS opened at $15.06 on Friday. The stock has a market capitalization of $263.70 million, a P/E ratio of 57.92 and a beta of 2.02. Amtech Systems has a 1-year low of $5.63 and a 1-year high of $25.71. The business has a fifty day moving average price of $17.05 and a 200 day moving average price of $16.49.

Amtech Systems (NASDAQ:ASYS) last posted its earnings results on Wednesday, August 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.04. The company had revenue of $22.38 million for the quarter, compared to analyst estimates of $21.50 million. Amtech Systems had a return on equity of 6.33% and a net margin of 4.90%. As a group, equities research analysts anticipate that Amtech Systems will post 0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Amtech Systems

In related news, CEO Guy Shechter acquired 3,450 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were purchased at an average price of $14.34 per share, for a total transaction of $49,473.00. Following the completion of the acquisition, the chief executive officer directly owned 53,450 shares in the company, valued at $766,473. The trade was a 6.90% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 26.90% of the company’s stock.

Institutional Trading of Amtech Systems

Several large investors have recently bought and sold shares of ASYS. California State Teachers Retirement System acquired a new position in Amtech Systems during the 2nd quarter valued at approximately $86,000. Kestra Advisory Services LLC acquired a new stake in shares of Amtech Systems during the fourth quarter worth $88,000. Millennium Management LLC purchased a new stake in shares of Amtech Systems during the third quarter valued at $111,000. Walleye Capital LLC purchased a new stake in shares of Amtech Systems during the first quarter valued at $142,000. Finally, Graham Capital Management L.P. acquired a new position in shares of Amtech Systems in the 4th quarter valued at $158,000. Hedge funds and other 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.