ValuEngine Downgrades Amtech Systems (ASYS) to Buy
Amtech Systems (NASDAQ:ASYS) was downgraded by research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report released on Thursday.
A number of other research firms also recently issued reports on ASYS. Zacks Investment Research raised Amtech Systems from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Tuesday, October 24th. Benchmark reissued a “buy” rating and set a $18.00 price target (up previously from $12.00) on shares of Amtech Systems in a research report on Tuesday, November 21st. Roth Capital initiated coverage on Amtech Systems in a research report on Friday, August 4th. They set a “buy” rating and a $12.00 price target on the stock. Finally, Cowen reissued an “outperform” rating and set a $13.50 price target (up previously from $10.50) on shares of Amtech Systems in a research report on Thursday, August 10th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Amtech Systems has a consensus rating of “Buy” and a consensus target price of $14.88.
Shares of Amtech Systems (NASDAQ ASYS) traded up $0.05 during trading on Thursday, reaching $9.93. The company’s stock had a trading volume of 562,448 shares, compared to its average volume of 357,327. The company has a market cap of $145.54, a P/E ratio of 15.20 and a beta of 2.00. The company has a quick ratio of 1.48, a current ratio of 1.83 and a debt-to-equity ratio of 0.09. Amtech Systems has a 12 month low of $3.99 and a 12 month high of $15.45.
In related news, Director Paul J. Van Der Wansem sold 50,662 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $13.04, for a total transaction of $660,632.48. Following the completion of the sale, the director now directly owns 330,199 shares in the company, valued at approximately $4,305,794.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jong S. Whang sold 18,600 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $12.54, for a total value of $233,244.00. Following the sale, the insider now owns 53,066 shares of the company’s stock, valued at $665,447.64. The disclosure for this sale can be found here. Insiders have sold a total of 139,292 shares of company stock worth $1,807,068 in the last three months. Corporate insiders own 34.60% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of ASYS. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Amtech Systems during the 3rd quarter worth $102,000. JPMorgan Chase & Co. lifted its stake in shares of Amtech Systems by 1,331.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,878 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 8,258 shares during the last quarter. Nationwide Fund Advisors lifted its stake in shares of Amtech Systems by 427.8% during the 3rd quarter. Nationwide Fund Advisors now owns 9,500 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 7,700 shares during the last quarter. Virtu KCG Holdings LLC lifted its stake in shares of Amtech Systems by 14.6% during the 2nd quarter. Virtu KCG Holdings LLC now owns 14,268 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 1,813 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Amtech Systems during the 3rd quarter worth $148,000. Hedge funds and other institutional investors own 60.81% of the company’s stock.
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Amtech Systems Company Profile
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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