Amtech Systems (NASDAQ:ASYS) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Amtech Systems, Inc. (NASDAQ:ASYS) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.58 and traded as high as $22.69. Amtech Systems shares last traded at $22.4880, with a volume of 808,908 shares traded.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Amtech Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Roth Mkm restated a “buy” rating and set a $22.00 target price on shares of Amtech Systems in a research report on Friday, May 8th. 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, Weiss Ratings upgraded shares of Amtech Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.00.

Amtech Systems Price Performance

The stock’s 50-day moving average is $18.40 and its two-hundred day moving average is $14.58. The stock has a market cap of $327.43 million, a P/E ratio of 132.28 and a beta of 1.99.

Amtech Systems (NASDAQ:ASYS) last issued its 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. Amtech Systems had a net margin of 3.11% and a return on equity of 5.58%. The firm had revenue of $20.47 million during the quarter, compared to analyst estimates of $19.50 million. On average, analysts anticipate that Amtech Systems, Inc. will post 0.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Amtech Systems

Several institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in Amtech Systems by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 133,001 shares of the semiconductor company’s stock valued at $1,670,000 after purchasing an additional 1,720 shares during the last quarter. Empowered Funds LLC lifted its position in Amtech Systems by 9.5% during the first quarter. Empowered Funds LLC now owns 32,318 shares of the semiconductor company’s stock valued at $377,000 after purchasing an additional 2,800 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Amtech Systems by 15.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 30,760 shares of the semiconductor company’s stock valued at $386,000 after purchasing an additional 4,060 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Amtech Systems during the fourth quarter valued at $88,000. Finally, State Street Corp lifted its position in Amtech Systems by 14.6% during the fourth quarter. State Street Corp now owns 62,790 shares of the semiconductor company’s stock valued at $788,000 after purchasing an additional 8,000 shares during the last quarter. 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.