Amtech Systems (NASDAQ:ASYS) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Amtech Systems, Inc. (NASDAQ:ASYS)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.44 and traded as high as $23.96. Amtech Systems shares last traded at $22.82, with a volume of 539,613 shares.

Wall Street Analyst Weigh In

ASYS has been the topic of several research reports. Zacks Research upgraded shares of Amtech Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Wall Street Zen upgraded shares of Amtech Systems from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Finally, Roth Mkm reiterated a “buy” rating and issued a $22.00 price target on shares of Amtech Systems in a research report on Friday, May 8th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $22.00.

Amtech Systems Stock Performance

The stock has a 50 day moving average of $16.16 and a two-hundred day moving average of $13.44. The stock has a market cap of $330.89 million, a PE ratio of 134.24 and a beta of 1.95.

Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The firm had revenue of $20.47 million for the quarter, compared to analysts’ expectations of $19.50 million. Amtech Systems had a return on equity of 5.58% and a net margin of 3.11%. Analysts expect that Amtech Systems, Inc. will post 0.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Amtech Systems

A number of institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in Amtech Systems by 28,941.0% in the 1st quarter. Bank of America Corp DE now owns 22,652 shares of the semiconductor company’s stock worth $265,000 after purchasing an additional 22,574 shares in the last quarter. Empowered Funds LLC increased its stake in Amtech Systems by 9.5% in the 1st quarter. Empowered Funds LLC now owns 32,318 shares of the semiconductor company’s stock worth $377,000 after purchasing an additional 2,800 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Amtech Systems by 5.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 365,387 shares of the semiconductor company’s stock worth $4,268,000 after purchasing an additional 18,354 shares in the last quarter. Sei Investments Co. increased its stake in Amtech Systems by 104.5% in the 1st quarter. Sei Investments Co. now owns 92,515 shares of the semiconductor company’s stock worth $1,081,000 after purchasing an additional 47,282 shares in the last quarter. Finally, Walleye Capital LLC purchased a new position in Amtech Systems in the 1st quarter worth about $142,000. Hedge funds and other 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.