Amtech Systems (NASDAQ:ASYS) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Amtech Systems, Inc. (NASDAQ:ASYS)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.94 and traded as high as $12.00. Amtech Systems shares last traded at $11.48, with a volume of 152,077 shares.

Analysts Set New Price Targets

ASYS has been the subject of several recent analyst reports. Zacks Research cut Amtech Systems from a “hold” rating to a “strong sell” rating in a research note on Monday, March 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Amtech Systems in a report on Wednesday, January 21st. Wall Street Zen lowered Amtech Systems from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Benchmark restated a “hold” rating on shares of Amtech Systems in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Amtech Systems Stock Performance

The firm has a market cap of $165.43 million, a P/E ratio of -5.36 and a beta of 1.67. The business’s 50-day simple moving average is $13.54 and its 200 day simple moving average is $10.94.

Amtech Systems (NASDAQ:ASYS) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.04). Amtech Systems had a negative net margin of 41.28% and a negative return on equity of 1.53%. The firm had revenue of $18.97 million for the quarter, compared to the consensus estimate of $19.25 million. As a group, equities research analysts expect that Amtech Systems, Inc. will post 0.05 EPS for the current year.

Hedge Funds Weigh In On Amtech Systems

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Amtech Systems by 2.6% during the 3rd 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. Marshall Wace LLP lifted its position in shares of Amtech Systems by 235.0% during the 4th quarter. Marshall Wace LLP now owns 352,624 shares of the semiconductor company’s stock valued at $4,425,000 after buying an additional 247,352 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Amtech Systems by 85.7% during the 4th quarter. Jane Street Group LLC now owns 325,754 shares of the semiconductor company’s stock valued at $4,088,000 after buying an additional 150,332 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Amtech Systems during the 3rd quarter valued at approximately $1,689,000. Finally, Renaissance Technologies LLC grew its stake in shares of Amtech Systems by 622.1% during the 4th quarter. Renaissance Technologies LLC now owns 146,596 shares of the semiconductor company’s stock valued at $1,840,000 after acquiring an additional 126,296 shares during the period. Institutional investors own 50.21% of the company’s stock.

Amtech Systems Company Profile

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.