Amtech Systems, Inc. (ASYS) Earns Buy Rating from Analysts at Roth Capital
Stock analysts at Roth Capital assumed coverage on shares of Amtech Systems, Inc. (NASDAQ:ASYS) in a report issued on Friday, Marketbeat.com reports. The brokerage set a “buy” rating and a $12.00 price target on the semiconductor company’s stock. Roth Capital’s price target indicates a potential upside of 33.78% from the stock’s previous close.
Other analysts also recently issued research reports about the stock. TheStreet raised shares of Amtech Systems from a “d+” rating to a “c-” rating in a research report on Monday, May 15th. Benchmark Co. dropped their target price on shares of Amtech Systems from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, May 11th. ValuEngine raised shares of Amtech Systems from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. Finally, Zacks Investment Research raised shares of Amtech Systems from a “sell” rating to a “hold” rating and set a $8.50 target price on the stock in a research report on Tuesday, May 16th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $9.50.
Shares of Amtech Systems (ASYS) traded up 9.12% on Friday, reaching $8.97. 91,191 shares of the company were exchanged. The firm’s 50 day moving average price is $8.57 and its 200 day moving average price is $6.91. The stock’s market capitalization is $118.40 million. Amtech Systems has a 52 week low of $3.99 and a 52 week high of $9.55.
Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings data on Wednesday, May 10th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $27.95 million. During the same quarter in the previous year, the firm earned ($0.11) EPS. The company’s quarterly revenue was up 46.5% compared to the same quarter last year. Equities research analysts anticipate that Amtech Systems will post ($0.07) EPS for the current year.
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 ASYS. 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. 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. Finally, Janney Montgomery Scott LLC increased its stake in Amtech Systems by 219.7% in the second quarter. Janney Montgomery Scott LLC now owns 123,412 shares of the semiconductor company’s stock valued at $1,042,000 after buying an additional 84,812 shares in the last quarter. 52.73% of the stock is currently owned by institutional investors.
About Amtech Systems
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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