Amtech Systems (NASDAQ:ASYS) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen downgraded shares of Amtech Systems (NASDAQ:ASYS – Free Report) from a strong-buy rating to a buy rating in a research note issued to investors on Monday,Wall Street Zen reports.

A number of other equities analysts have also weighed in on the stock. Weiss Ratings upgraded shares of Amtech Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 31st. Zacks Research cut shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Amtech Systems has a consensus rating of “Hold” and a consensus target price of $22.00.

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Amtech Systems Trading Down 8.7%

Shares of ASYS opened at $13.61 on Monday. The business’s 50 day moving average is $15.85 and its 200 day moving average is $16.75. Amtech Systems has a 12-month low of $6.75 and a 12-month high of $25.71. The company has a market capitalization of $238.31 million, a PE ratio of 52.35 and a beta of 2.01.

Amtech Systems (NASDAQ:ASYS – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.04. Amtech Systems had a return on equity of 6.33% and a net margin of 4.90%.The business had revenue of $22.38 million during the quarter, compared to the consensus estimate of $21.50 million. Equities research analysts predict that Amtech Systems will post 0.33 earnings per share for the current year.

Insiders Place Their Bets

In other Amtech Systems news, CEO Guy Shechter purchased 3,450 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were bought at an average price of $14.34 per share, with a total value of $49,473.00. Following the completion of the purchase, the chief executive officer directly owned 53,450 shares in the company, valued at $766,473. This trade represents a 6.90% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 26.90% of the company’s stock.

Hedge Funds Weigh In On Amtech Systems

Institutional investors have recently bought and sold shares of the business. AWM Investment Company Inc. bought a new stake in shares of Amtech Systems in the 2nd quarter worth about $15,925,000. Sei Investments Co. raised its position in shares of Amtech Systems by 104.5% during the 1st quarter. Sei Investments Co. now owns 92,515 shares of the semiconductor company’s stock valued at $1,081,000 after buying an additional 47,282 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Amtech Systems in the 2nd quarter valued at about $959,000. WINTON GROUP Ltd bought a new position in shares of Amtech Systems in the 2nd quarter valued at about $654,000. Finally, Hillsdale Investment Management Inc. purchased a new position in Amtech Systems in the first quarter worth about $296,000. Institutional investors own 50.21% of the company’s stock.

Amtech Systems Company Profile

(Get Free Report)

Amtech Systems, Inc is a semiconductor equipment manufacturer that designs, develops and produces thermal processing systems used in the fabrication of semiconductor devices. Its equipment is intended for applications including wafer processing, diffusion, oxidation, annealing and other high-temperature manufacturing steps.

The company’s product portfolio has included batch and single-wafer processing systems, rapid thermal processing equipment, and related automation, controls and aftermarket services.

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