Amtech Systems, Inc. (ASYS) Receives Average Recommendation of “Buy” from Analysts
Shares of Amtech Systems, Inc. (NASDAQ:ASYS) have been given an average rating of “Buy” by the six ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $13.38.
ASYS has been the subject of a number of analyst reports. Zacks Investment Research upgraded Amtech Systems from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Tuesday, October 17th. Cowen and Company reiterated an “outperform” rating and set a $13.50 target price (up 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 price target on shares of Amtech Systems in a report on Thursday, August 10th. Finally, Roth Capital initiated coverage on Amtech Systems in a report on Friday, August 4th. They set a “buy” rating and a $12.00 price target for the company.
Shares of Amtech Systems (NASDAQ ASYS) opened at 14.26 on Tuesday. The company’s 50 day moving average is $12.30 and its 200-day moving average is $9.33. The company has a market capitalization of $190.19 million, a PE ratio of 122.93 and a beta of 2.11. Amtech Systems has a 52 week low of $3.99 and a 52 week high of $15.45.
Amtech Systems (NASDAQ:ASYS) last announced its earnings results on Wednesday, August 9th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $40.40 million. During the same quarter last year, the firm earned ($0.09) EPS. Amtech Systems’s revenue for the quarter was up 43.3% compared to the same quarter last year. On average, analysts expect that Amtech Systems will post $0.23 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nationwide Fund Advisors boosted its position in shares of Amtech Systems by 427.8% during the 3rd quarter. Nationwide Fund Advisors now owns 9,500 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 7,700 shares in the last quarter. Virtu KCG Holdings LLC raised its stake in Amtech Systems by 14.6% during the 2nd 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. Northern Trust Corp raised its stake in Amtech Systems by 1.1% during the 2nd 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 raised its stake in Amtech Systems by 6.4% during the 1st 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 acquired a new position in Amtech Systems during the 2nd quarter worth approximately $225,000. Hedge funds and other institutional investors own 49.99% of the company’s stock.
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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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