Amtech Systems (ASYS) Announces Quarterly Earnings Results

Amtech Systems (NASDAQ:ASYS) issued its quarterly earnings data on Thursday. The semiconductor company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.19, Briefing.com reports. Amtech Systems had a net margin of 5.55% and a return on equity of 12.76%. The business had revenue of $73.60 million during the quarter, compared to analyst estimates of $61.79 million. Amtech Systems’s revenue for the quarter was up 152.9% compared to the same quarter last year.

Amtech Systems (NASDAQ ASYS) traded down $0.41 during trading hours on Friday, reaching $8.20. 195,574 shares of the company’s stock were exchanged, compared to its average volume of 206,027. 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 has a fifty-two week low of $5.16 and a fifty-two week high of $15.45. The company has a market cap of $126.83, a P/E ratio of 7.63 and a beta of 1.76.

In other Amtech Systems news, Director Paul J. Van Der Wansem sold 50,662 shares of Amtech Systems stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $13.04, for a total value of $660,632.48. Following the completion of the sale, the director now 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 is available at the SEC website. Also, Director Robert F. King sold 17,699 shares of Amtech Systems stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $11.25, for a total transaction of $199,113.75. Following the completion of the sale, the director now directly owns 10,200 shares of the company’s stock, valued at approximately $114,750. The disclosure for this sale can be found here. In the last ninety days, insiders sold 161,991 shares of company stock valued at $2,056,181. 34.60% of the stock is currently owned by insiders.

A hedge fund recently raised its stake in Amtech Systems stock. Northern Trust Corp grew its stake in Amtech Systems, Inc. (NASDAQ:ASYS) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,797 shares of the semiconductor company’s stock after acquiring an additional 242 shares during the period. Northern Trust Corp owned 0.17% of Amtech Systems worth $184,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 58.72% of the company’s stock.

Several brokerages have commented on ASYS. ValuEngine upgraded shares of Amtech Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Amtech Systems from a “sell” rating to a “hold” rating in a report on Monday, January 22nd. Finally, Benchmark restated a “buy” rating and issued a $18.00 price objective (up from $12.00) on shares of Amtech Systems in a report on Tuesday, November 21st. One 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 presently has an average rating of “Buy” and an average price target of $14.88.

ILLEGAL ACTIVITY NOTICE: “Amtech Systems (ASYS) Announces Quarterly Earnings Results” was published by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/09/amtech-systems-asys-announces-quarterly-earnings-results.html.

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.

Earnings History for Amtech Systems (NASDAQ:ASYS)

Receive News & Ratings for Amtech Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amtech Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply