Wall Street brokerages expect Amtech Systems, Inc. (NASDAQ:ASYS) to announce earnings of ($0.05) per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Amtech Systems’ earnings. Amtech Systems reported earnings per share of ($0.09) during the same quarter last year, which would indicate a positive year-over-year growth rate of 44.4%. The company is expected to issue its next earnings results on Thursday, August 3rd.

According to Zacks, analysts expect that Amtech Systems will report full-year earnings of ($0.07) per share for the current year. For the next financial year, analysts forecast that the firm will report earnings of $0.36 per share. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Amtech Systems.

Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings results on Wednesday, May 10th. The semiconductor company reported ($0.11) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.01. Amtech Systems had a negative net margin of 2.16% and a negative return on equity of 4.59%. The firm had revenue of $32.94 million for the quarter, compared to analysts’ expectations of $27.95 million. During the same quarter in the prior year, the company posted ($0.11) earnings per share. The business’s revenue for the quarter was up 46.5% on a year-over-year basis.

Several research analysts recently commented on the stock. ValuEngine upgraded shares of Amtech Systems from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. Zacks Investment Research upgraded shares of Amtech Systems from a “sell” rating to a “hold” rating in a research note on Thursday, March 30th. TheStreet upgraded shares of Amtech Systems from a “d+” rating to a “c-” rating in a research note on Monday, May 15th. Finally, Benchmark Co. reduced their price objective on shares of Amtech Systems from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, May 11th.

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Amtech Systems (ASYS) traded down 3.33% during midday trading on Thursday, hitting $8.14. 26,339 shares of the stock were exchanged. The company’s market cap is $107.45 million. The firm’s 50 day moving average price is $7.91 and its 200 day moving average price is $5.87. Amtech Systems has a 12 month low of $3.99 and a 12 month high of $9.19.

In other Amtech Systems news, Director Robert F. King sold 4,700 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $8.68, for a total transaction of $40,796.00. Following the sale, the director now owns 12,900 shares of the company’s stock, valued at approximately $111,972. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 34.60% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC bought a new stake in Amtech Systems during the first quarter valued at $147,000. Ironwood Investment Management LLC increased its stake in Amtech Systems by 6.4% in the first quarter. Ironwood Investment Management LLC now owns 39,978 shares of the semiconductor company’s stock valued at $220,000 after buying an additional 2,398 shares in the last quarter. WealthTrust Axiom LLC increased its stake in Amtech Systems by 7.7% in the first quarter. WealthTrust Axiom LLC now owns 59,937 shares of the semiconductor company’s stock valued at $329,000 after buying an additional 4,308 shares in the last quarter. Geode Capital Management LLC increased its stake in Amtech Systems by 10.8% in the first quarter. Geode Capital Management LLC now owns 68,573 shares of the semiconductor company’s stock valued at $377,000 after buying an additional 6,691 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Amtech Systems by 29.5% in the fourth quarter. Renaissance Technologies LLC now owns 99,236 shares of the semiconductor company’s stock valued at $422,000 after buying an additional 22,600 shares in the last quarter. 52.65% of the stock is currently owned by institutional investors.

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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