Amtech Systems, Inc. (ASYS) Receives Consensus Recommendation of “Buy” from Brokerages

Amtech Systems, Inc. (NASDAQ:ASYS) has been assigned an average recommendation of “Buy” from the six analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $14.50.

A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Amtech Systems from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd. ValuEngine raised Amtech Systems from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Benchmark reaffirmed a “buy” rating and set a $18.00 price objective (up from $12.00) on shares of Amtech Systems in a research report on Tuesday, November 21st.

In other news, Director Paul J. Van Der Wansem sold 70,030 shares of Amtech Systems stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $13.04, for a total transaction of $913,191.20. Following the transaction, the director now directly owns 330,199 shares of the company’s stock, valued at approximately $4,305,794.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jong S. Whang sold 18,600 shares of Amtech Systems stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $12.54, for a total value of $233,244.00. Following the transaction, the insider now directly owns 53,066 shares in the company, valued at $665,447.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 161,991 shares of company stock worth $2,056,181. Insiders own 34.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wedge Capital Management L L P NC purchased a new position in Amtech Systems in the 4th quarter worth approximately $562,000. Acadian Asset Management LLC lifted its holdings in Amtech Systems by 19.9% in the 4th quarter. Acadian Asset Management LLC now owns 73,712 shares of the semiconductor company’s stock worth $743,000 after purchasing an additional 12,257 shares in the last quarter. Algert Global LLC lifted its holdings in Amtech Systems by 154.3% in the 3rd quarter. Algert Global LLC now owns 169,271 shares of the semiconductor company’s stock worth $2,028,000 after purchasing an additional 102,699 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Amtech Systems in the 3rd quarter worth approximately $148,000. Finally, Highbridge Capital Management LLC purchased a new position in Amtech Systems in the 3rd quarter worth approximately $168,000. 59.36% of the stock is currently owned by institutional investors.

Shares of Amtech Systems (NASDAQ:ASYS) opened at $10.03 on Thursday. The stock has a market capitalization of $147.75, a PE ratio of 15.43 and a beta of 1.97. Amtech Systems has a 52 week low of $5.16 and a 52 week 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 released its quarterly earnings results on Monday, November 20th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.45. The business had revenue of $54.68 million during the quarter, compared to the consensus estimate of $46.30 million. Amtech Systems had a return on equity of 12.76% and a net margin of 5.55%. equities research analysts anticipate that Amtech Systems will post 0.45 earnings per share for the current year.

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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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