ValuEngine upgraded shares of Amtech Systems (NASDAQ:ASYS) from a buy rating to a strong-buy rating in a report published on Friday.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Amtech Systems from a buy rating to a hold rating in a research report on Wednesday, October 25th. Benchmark reissued a buy rating and issued a $18.00 price target (up previously from $12.00) on shares of Amtech Systems in a research report on Tuesday, November 21st. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $14.88.
Amtech Systems (ASYS) opened at $8.79 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.83 and a quick ratio of 1.48. Amtech Systems has a 1 year low of $5.16 and a 1 year high of $15.45. The company has a market cap of $129.48, a P/E ratio of 13.52 and a beta of 1.76.
Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings results on Monday, November 20th. The semiconductor company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.45. Amtech Systems had a net margin of 5.55% and a return on equity of 12.76%. The company had revenue of $54.68 million during the quarter, compared to analysts’ expectations of $46.30 million. equities research analysts forecast that Amtech Systems will post 0.45 earnings per share for the current fiscal year.
In other news, insider Jong S. Whang sold 18,600 shares of Amtech Systems stock in a transaction on Monday, November 27th. The shares were sold at an average price of $12.54, for a total transaction of $233,244.00. Following the completion of the sale, the insider now directly owns 53,066 shares of the company’s stock, valued at approximately $665,447.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul J. Van Der Wansem sold 70,030 shares of Amtech Systems stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $13.04, for a total transaction of $913,191.20. Following the sale, the director now directly owns 330,199 shares of the company’s stock, valued at $4,305,794.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 161,991 shares of company stock valued at $2,056,181. Corporate insiders own 34.60% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in ASYS. Alambic Investment Management L.P. lifted its position in shares of Amtech Systems by 328.1% during the 4th quarter. Alambic Investment Management L.P. now owns 245,304 shares of the semiconductor company’s stock worth $2,470,000 after purchasing an additional 188,008 shares during the last quarter. Algert Global LLC lifted its position in shares of Amtech Systems by 154.3% during the 3rd quarter. Algert Global LLC now owns 169,271 shares of the semiconductor company’s stock worth $2,028,000 after purchasing an additional 102,699 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Amtech Systems during the 3rd quarter worth $1,224,000. Dimensional Fund Advisors LP lifted its position in shares of Amtech Systems by 18.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 553,201 shares of the semiconductor company’s stock worth $6,627,000 after purchasing an additional 86,518 shares during the last quarter. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Amtech Systems during the 4th quarter worth $562,000. 58.72% of the stock is owned by institutional investors and hedge funds.
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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