Amtech Systems (NASDAQ:ASYS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Amtech Systems (NASDAQ:ASYS) from a buy rating to a strong-buy rating in a report published on Friday morning.

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

Amtech Systems Trading Down 0.4%

ASYS opened at $16.47 on Friday. The stock’s 50 day simple moving average is $11.41 and its 200-day simple moving average is $8.53. The stock has a market cap of $236.51 million, a PE ratio of -7.73 and a beta of 1.65. Amtech Systems has a 1 year low of $3.20 and a 1 year high of $17.44.

Institutional Investors Weigh In On Amtech Systems

A number of large investors have recently bought and sold shares of ASYS. Vanguard Group Inc. raised its position in shares of Amtech Systems by 2.6% during the third quarter. Vanguard Group Inc. now owns 676,006 shares of the semiconductor company’s stock worth $6,260,000 after acquiring an additional 17,099 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Amtech Systems during the 3rd quarter worth about $1,689,000. Citadel Advisors LLC lifted its position in Amtech Systems by 39.6% during 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 during the period. Acadian Asset Management LLC boosted its stake in shares of Amtech Systems by 90.8% in the 1st quarter. Acadian Asset Management LLC now owns 42,584 shares of the semiconductor company’s stock valued at $204,000 after purchasing an additional 20,264 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in shares of Amtech Systems during the 4th quarter worth approximately $497,000. 50.21% of the stock is currently owned by institutional investors.

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.