Amtech Systems (ASYS) Upgraded to “Hold” by Zacks Investment Research

Amtech Systems (NASDAQ:ASYS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday.

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. “

A number of other analysts also recently issued reports on the company. ValuEngine upgraded Amtech Systems from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Benchmark restated a “buy” rating and issued a $18.00 price target (up from $12.00) on shares of Amtech Systems in a research report on Tuesday, November 21st. 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 stock. Amtech Systems has a consensus rating of “Buy” and an average target price of $14.88.

Shares of Amtech Systems (NASDAQ:ASYS) traded down $0.29 on Monday, reaching $10.99. The company had a trading volume of 425,867 shares, compared to its average volume of 239,540. The company has a market capitalization of $161.89, a P/E ratio of 16.91 and a beta of 1.97. Amtech Systems has a 12 month low of $4.05 and a 12 month high of $15.45. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 1.83.

Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings results on Monday, November 20th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.45. Amtech Systems had a return on equity of 12.76% and a net margin of 5.55%. sell-side analysts anticipate that Amtech Systems will post 0.45 EPS for the current year.

In other Amtech Systems news, Director Robert F. King sold 17,699 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $11.25, for a total value of $199,113.75. Following the sale, the director now owns 10,200 shares in the company, valued at $114,750. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jong S. Whang sold 18,600 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $12.54, for a total value of $233,244.00. Following the completion of the sale, the insider now owns 53,066 shares in the company, valued at approximately $665,447.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 161,991 shares of company stock valued at $2,056,181. 34.60% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in ASYS. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Amtech Systems during the third quarter valued at $102,000. JPMorgan Chase & Co. increased its stake in shares of Amtech Systems by 1,331.9% during the third quarter. JPMorgan Chase & Co. now owns 8,878 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 8,258 shares during the period. Nationwide Fund Advisors increased its stake in shares of Amtech Systems by 427.8% during the third quarter. Nationwide Fund Advisors now owns 9,500 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 7,700 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Amtech Systems during the third quarter valued at $148,000. Finally, Highbridge Capital Management LLC purchased a new position in shares of Amtech Systems during the third quarter valued at $168,000. Institutional investors and hedge funds own 59.28% 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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