Amtech Systems (NASDAQ:ASYS) Downgraded by Wall Street Zen to “Buy”

Amtech Systems (NASDAQ:ASYS) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday.

A number of other analysts have also recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Amtech Systems in a research report on Wednesday, October 8th. Zacks Research raised Amtech Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 16th. Finally, Benchmark reaffirmed a “hold” rating on shares of Amtech Systems in a research report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Amtech Systems presently has an average rating of “Hold”.

Amtech Systems Trading Up 6.7%

ASYS stock opened at $13.92 on Friday. Amtech Systems has a 1 year low of $3.20 and a 1 year high of $13.97. The company has a fifty day simple moving average of $9.86 and a 200 day simple moving average of $7.76. The firm has a market cap of $199.85 million, a PE ratio of -6.54 and a beta of 1.65.

Institutional Trading of Amtech Systems

Several hedge funds and other institutional investors have recently bought and sold shares of ASYS. Arrowstreet Capital Limited Partnership bought a new position in shares of Amtech Systems during the 3rd quarter worth approximately $1,689,000. Essex Investment Management Co. LLC acquired a new position in Amtech Systems during the third quarter worth $350,000. EHP Funds Inc. bought a new position in shares of Amtech Systems during the third quarter valued at $234,000. XTX Topco Ltd bought a new position in shares of Amtech Systems during the second quarter valued at $105,000. Finally, Citadel Advisors LLC boosted 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. 50.21% of the stock is currently owned by institutional investors and hedge funds.

About Amtech Systems

Amtech Systems, Inc is a global supplier of capital equipment and aftermarket parts for the solar photovoltaic and semiconductor industries. The company’s solutions support key steps in wafer and cell production, offering both new machinery and spares designed to optimize yield, throughput and energy efficiency. Amtech operates through two primary segments: solar manufacturing and semiconductor & electronics packaging.

In its solar segment, Amtech provides diffusion furnaces, epitaxy reactors and plasma-enhanced chemical vapor deposition (PECVD) systems used in high-volume solar cell fabrication.