Amtech Systems, Inc. (NASDAQ:ASYS)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $9.60 and last traded at $9.60, with a volume of 77,684 shares changing hands. The stock had previously closed at $9.44.

Several equities analysts have recently commented on ASYS shares. Benchmark Co. upgraded Amtech Systems from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Wednesday, April 26th. Zacks Investment Research upgraded Amtech Systems from a “sell” rating to a “hold” rating and set a $8.50 price objective on the stock in a research note on Tuesday, May 16th. TheStreet upgraded Amtech Systems from a “d+” rating to a “c-” rating in a research note on Monday, May 15th. ValuEngine upgraded Amtech Systems from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. Finally, Roth Capital started coverage on Amtech Systems in a research note on Friday, August 4th. They set a “buy” rating and a $12.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $9.50.

The stock has a 50-day moving average of $8.60 and a 200 day moving average of $6.95. The stock’s market cap is $127.24 million.

In other news, Director Robert F. King sold 4,700 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $8.68, for a total value of $40,796.00. Following the completion of the sale, the director now directly owns 12,900 shares of the company’s stock, valued at $111,972. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 34.60% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Algert Global LLC boosted its stake in Amtech Systems by 149.7% in the second quarter. Algert Global LLC now owns 66,572 shares of the semiconductor company’s stock worth $562,000 after buying an additional 39,912 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Amtech Systems by 219.7% in the second quarter. Janney Montgomery Scott LLC now owns 123,412 shares of the semiconductor company’s stock worth $1,042,000 after buying an additional 84,812 shares during the last quarter. Ironwood Investment Management LLC boosted its stake in Amtech Systems by 6.4% in the first quarter. Ironwood Investment Management LLC now owns 39,978 shares of the semiconductor company’s stock worth $220,000 after buying an additional 2,398 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Amtech Systems by 6.6% in the first quarter. Renaissance Technologies LLC now owns 105,736 shares of the semiconductor company’s stock worth $582,000 after buying an additional 6,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Amtech Systems by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 413,982 shares of the semiconductor company’s stock worth $2,277,000 after buying an additional 21,630 shares during the period. 53.65% of the stock is owned by institutional investors.

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About Amtech Systems

Amtech Systems, Inc is engaged in the manufacture of capital equipment, including thermal processing, silicon wafer handling automation and related consumables used in fabricating solar cells, Light Emitting Diode (LED) and semiconductor devices. The Company operates through three business segments: solar, semiconductor and polishing.

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