Amtech Systems, Inc. (NASDAQ:ASYS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The firm currently has a $16.00 price target on the semiconductor company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 4.92% from the company’s previous close.

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. “

Several other research analysts also recently commented on the company. Cowen and Company reissued an “outperform” rating and set a $13.50 target price (up previously from $10.50) on shares of Amtech Systems in a research note on Thursday, August 10th. Benchmark Co. reissued a “buy” rating and set a $12.00 target price on shares of Amtech Systems in a research note on Thursday, August 10th. Finally, Roth Capital assumed coverage on Amtech Systems in a research note on Friday, August 4th. They set a “buy” rating and a $12.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Amtech Systems currently has an average rating of “Buy” and an average target price of $13.38.

Amtech Systems (NASDAQ:ASYS) traded up 6.20% during midday trading on Tuesday, hitting $15.25. 596,857 shares of the stock traded hands. The firm’s 50 day moving average is $11.68 and its 200-day moving average is $8.93. The stock has a market capitalization of $203.39 million, a PE ratio of 131.47 and a beta of 2.11. Amtech Systems has a 12-month low of $3.99 and a 12-month high of $15.45.

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

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A number of hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. bought a new stake in Amtech Systems in the second quarter valued at approximately $241,000. PDT Partners LLC bought a new stake in Amtech Systems in the second quarter valued at approximately $225,000. Dimensional Fund Advisors LP boosted its holdings in Amtech Systems by 12.7% in the second quarter. Dimensional Fund Advisors LP now owns 466,683 shares of the semiconductor company’s stock valued at $3,939,000 after acquiring an additional 52,701 shares during the last quarter. Virtu KCG Holdings LLC boosted its holdings 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 valued at $120,000 after acquiring an additional 1,813 shares during the last quarter. Finally, EAM Investors LLC bought a new stake in Amtech Systems in the second quarter valued at approximately $435,000. Institutional investors and hedge funds own 49.99% of the company’s stock.

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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