Amtech Systems (NASDAQ:ASYS) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Amtech Systems, Inc. (NASDAQ:ASYS)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.03 and traded as high as $22.12. Amtech Systems shares last traded at $21.07, with a volume of 574,672 shares changing hands.

Analyst Upgrades and Downgrades

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

Amtech Systems Stock Down 4.0%

The firm has a market capitalization of $306.78 million, a price-to-earnings ratio of 123.94 and a beta of 1.99. The stock’s 50 day moving average price is $17.37 and its two-hundred day moving average price is $14.03.

Amtech Systems (NASDAQ:ASYS) last posted 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. Amtech Systems had a net margin of 3.11% and a return on equity of 5.58%. The business had revenue of $20.47 million for the quarter, compared to the consensus estimate of $19.50 million. On average, equities analysts expect that Amtech Systems, Inc. will post 0.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Amtech Systems

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in Amtech Systems by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 133,001 shares of the semiconductor company’s stock worth $1,670,000 after purchasing an additional 1,720 shares in the last quarter. Empowered Funds LLC boosted its holdings in Amtech Systems by 9.5% in the first 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. Janney Montgomery Scott LLC boosted its holdings in Amtech Systems by 15.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 30,760 shares of the semiconductor company’s stock worth $386,000 after purchasing an additional 4,060 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Amtech Systems in the fourth quarter worth $88,000. Finally, State Street Corp boosted its holdings in Amtech Systems by 14.6% in the fourth quarter. State Street Corp now owns 62,790 shares of the semiconductor company’s stock worth $788,000 after purchasing an additional 8,000 shares in the last quarter. 50.21% of the stock is currently owned by institutional investors.

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.