Amtech Systems, Inc. (NASDAQ:ASYS) has been assigned an average rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $6.08.
ASYS has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Amtech Systems from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a report on Tuesday, October 16th. Cowen set a $9.00 price objective on shares of Amtech Systems and gave the company a “buy” rating in a report on Friday, November 30th. ValuEngine raised shares of Amtech Systems from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Benchmark reissued a “hold” rating on shares of Amtech Systems in a report on Friday. Finally, Roth Capital reissued a “neutral” rating and issued a $5.50 price objective on shares of Amtech Systems in a report on Monday.
Shares of ASYS opened at $4.79 on Tuesday. The company has a quick ratio of 2.36, a current ratio of 2.96 and a debt-to-equity ratio of 0.09. Amtech Systems has a 12-month low of $4.03 and a 12-month high of $10.67. The stock has a market capitalization of $73.28 million, a P/E ratio of 8.40 and a beta of 2.35.
Amtech Systems (NASDAQ:ASYS) last announced its quarterly earnings data on Thursday, February 7th. The semiconductor company reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.12. Amtech Systems had a negative net margin of 2.66% and a positive return on equity of 0.44%. The firm had revenue of $29.50 million during the quarter, compared to analyst estimates of $27.70 million. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Amtech Systems’s quarterly revenue was down 59.9% on a year-over-year basis. Equities research analysts anticipate that Amtech Systems will post -0.3 EPS for the current year.
A number of hedge funds have recently made changes to their positions in ASYS. Bank of New York Mellon Corp boosted its stake in Amtech Systems by 31.3% during the fourth quarter. Bank of New York Mellon Corp now owns 20,171 shares of the semiconductor company’s stock worth $91,000 after buying an additional 4,804 shares during the period. WealthTrust Axiom LLC boosted its stake in Amtech Systems by 19.9% during the fourth quarter. WealthTrust Axiom LLC now owns 62,150 shares of the semiconductor company’s stock worth $281,000 after buying an additional 10,328 shares during the period. BlackRock Inc. boosted its stake in Amtech Systems by 186.0% during the second quarter. BlackRock Inc. now owns 153,457 shares of the semiconductor company’s stock worth $929,000 after buying an additional 99,807 shares during the period. Janney Montgomery Scott LLC boosted its stake in Amtech Systems by 19.2% during the third quarter. Janney Montgomery Scott LLC now owns 180,101 shares of the semiconductor company’s stock worth $962,000 after buying an additional 29,050 shares during the period. Finally, Ancora Advisors LLC boosted its stake in Amtech Systems by 116.5% during the third quarter. Ancora Advisors LLC now owns 281,760 shares of the semiconductor company’s stock worth $1,505,000 after buying an additional 151,605 shares during the period. 54.92% of the stock is owned by institutional investors.
Amtech Systems Company Profile
Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating solar cells, light-emitting diodes (LEDs), and semiconductor devices in the United States, Europe, China, Malaysia, Taiwan, Germany, the Netherlands, France, and internationally. The company operates through three segments: Solar, Semiconductor, and Polishing.
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