Amtech Systems (NASDAQ:ASYS) Share Price Passes Above 200 Day Moving Average – Here’s Why

Amtech Systems, Inc. (NASDAQ:ASYS)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.38 and traded as high as $21.23. Amtech Systems shares last traded at $20.33, with a volume of 612,903 shares traded.

Analyst Ratings Changes

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

Amtech Systems Stock Down 7.7%

The stock has a market cap of $296.00 million, a PE ratio of 119.59 and a beta of 1.99. The business has a 50 day moving average price of $19.88 and a 200 day moving average price of $15.38.

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

Hedge Funds Weigh In On Amtech Systems

A number of large investors have recently bought and sold shares of ASYS. Marshall Wace LLP raised its stake 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 worth $4,425,000 after buying an additional 247,352 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Amtech Systems in the third quarter valued at about $1,689,000. Jane Street Group LLC lifted its stake in Amtech Systems by 85.7% in the 4th quarter. Jane Street Group LLC now owns 325,754 shares of the semiconductor company’s stock worth $4,088,000 after purchasing an additional 150,332 shares in the last quarter. Renaissance Technologies LLC lifted its position in Amtech Systems by 622.1% during the fourth quarter. Renaissance Technologies LLC now owns 146,596 shares of the semiconductor company’s stock worth $1,840,000 after buying an additional 126,296 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in Amtech Systems during the fourth quarter worth approximately $1,122,000. Institutional investors and hedge funds 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.