Amtech Systems (NASDAQ:ASYS) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Amtech Systems, Inc. (NASDAQ:ASYS)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.41 and traded as high as $8.94. Amtech Systems shares last traded at $8.74, with a volume of 80,815 shares changing hands.

Analysts Set New Price Targets

ASYS has been the topic of a number of analyst reports. Benchmark reaffirmed a “hold” rating on shares of Amtech Systems in a research note on Tuesday, December 2nd. Zacks Research cut shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Wall Street Zen upgraded shares of Amtech Systems from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Amtech Systems in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Amtech Systems Price Performance

The stock has a market cap of $125.07 million, a price-to-earnings ratio of -3.90 and a beta of 1.70. The firm’s 50-day moving average is $8.11 and its 200 day moving average is $6.41.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASYS. Vanguard Group Inc. grew its position in Amtech Systems by 2.6% during the third quarter. Vanguard Group Inc. now owns 676,006 shares of the semiconductor company’s stock valued at $6,260,000 after acquiring an additional 17,099 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Amtech Systems in the 3rd quarter worth about $1,689,000. Citadel Advisors LLC lifted its stake in shares of Amtech Systems by 39.6% in the 3rd quarter. Citadel Advisors LLC now owns 78,454 shares of the semiconductor company’s stock valued at $726,000 after purchasing an additional 22,260 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Amtech Systems by 90.8% during the 1st quarter. Acadian Asset Management LLC now owns 42,584 shares of the semiconductor company’s stock worth $204,000 after purchasing an additional 20,264 shares during the period. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Amtech Systems during the 3rd quarter worth about $350,000. Institutional investors and hedge funds own 50.21% of the company’s stock.

Amtech Systems Company Profile

Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs) worldwide. The company operates through Semiconductor and Material and Substrate segments.