Amtech Systems (NASDAQ:ASYS) Shares Pass Above 200-Day Moving Average – Time to Sell?

Amtech Systems, Inc. (NASDAQ:ASYS) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.30 and traded as high as $19.48. Amtech Systems shares last traded at $18.26, with a volume of 445,504 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ASYS. Wall Street Zen upgraded Amtech Systems from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 17th. Roth Capital restated a “buy” rating and issued a $22.00 price target 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 Friday, July 10th. Finally, Zacks Research upgraded shares of Amtech Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Amtech Systems Price Performance

The stock has a market capitalization of $265.87 million, a P/E ratio of 107.41 and a beta of 1.98. The company has a fifty day moving average of $20.58 and a two-hundred day moving average of $16.30.

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

Hedge Funds Weigh In On Amtech Systems

Several large investors have recently added to or reduced their stakes in ASYS. Ritholtz Wealth Management bought a new position in Amtech Systems in the fourth quarter worth about $497,000. Merit Financial Group LLC bought a new position in shares of Amtech Systems during the fourth quarter valued at approximately $464,000. Sowell Financial Services LLC acquired a new stake in shares of Amtech Systems during the 4th quarter worth approximately $203,000. Bank of America Corp DE raised its position in shares of Amtech Systems by 28,941.0% during 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 during the period. Finally, Empowered Funds LLC lifted its holdings in shares of 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 during the last quarter. 50.21% of the stock is currently owned by institutional investors.

About Amtech Systems

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.