Amtech Systems, Inc. (NASDAQ:ASYS) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday. The firm presently has a $13.00 price target on the semiconductor company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 22.07% from the stock’s current price.

According to Zacks, “AMTECH SYSTEMS, INC. is engaged in the manufacture of several items of capital equipment, one of which is patented, used by customers in the manufacture of semiconductors. Co. has recently obtained a U.S. patent on technology on which it expects to base a proposed new photo chemical vapor deposition (CVD) product for use in semiconductor manufacturing facilities. The Company has engaged the University of California, Santa Cruz, to conduct a study to determine the feasibility of such a product. “

ASYS has been the subject of a number of other reports. ValuEngine raised Amtech Systems from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. Roth Capital assumed coverage on Amtech Systems in a research report on Friday, August 4th. They issued a “buy” rating and a $12.00 target price for the company. Cowen and Company reaffirmed an “outperform” rating and issued a $13.50 target price (up from $10.50) on shares of Amtech Systems in a research report on Thursday, August 10th. Benchmark Co. decreased their target price on Amtech Systems from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, May 11th. Finally, TheStreet raised Amtech Systems from a “d+” rating to a “c-” rating in a research report on Monday, May 15th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Amtech Systems presently has an average rating of “Buy” and a consensus target price of $12.63.

Amtech Systems (ASYS) traded down 3.09% on Wednesday, hitting $10.65. The stock had a trading volume of 156,587 shares. Amtech Systems has a 52 week low of $3.99 and a 52 week high of $11.82. The stock has a market capitalization of $142.04 million, a price-to-earnings ratio of 91.81 and a beta of 2.05. The company has a 50-day moving average price of $9.01 and a 200-day moving average price of $7.25.

Amtech Systems (NASDAQ:ASYS) last issued its earnings results on Wednesday, August 9th. The semiconductor company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.30. Amtech Systems had a return on equity of 2.34% and a net margin of 1.00%. The business had revenue of $47.76 million during the quarter, compared to analyst estimates of $40.40 million. During the same period in the previous year, the company posted ($0.09) EPS. The firm’s revenue was up 43.3% compared to the same quarter last year. Equities research analysts anticipate that Amtech Systems will post $0.23 earnings per share for the current fiscal year.

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In related news, Director Robert F. King sold 4,700 shares of the business’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $8.68, for a total value of $40,796.00. Following the completion of the sale, the director now directly owns 12,900 shares of the company’s stock, valued at approximately $111,972. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 34.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in ASYS. Virtu KCG Holdings LLC increased its position in Amtech Systems by 14.6% in the second quarter. Virtu KCG Holdings LLC now owns 14,268 shares of the semiconductor company’s stock worth $120,000 after buying an additional 1,813 shares during the period. Algert Global LLC bought a new position in Amtech Systems during the first quarter worth about $147,000. Northern Trust Corp increased its position in Amtech Systems by 1.1% in the second quarter. Northern Trust Corp now owns 21,797 shares of the semiconductor company’s stock worth $184,000 after buying an additional 242 shares during the period. Ironwood Investment Management LLC increased its position 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 worth $220,000 after buying an additional 2,398 shares during the period. Finally, PDT Partners LLC bought a new position in Amtech Systems during the second quarter worth about $225,000. Institutional investors and hedge funds own 53.00% of the company’s stock.

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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