Amtech Systems (ASYS) Releases Earnings Results, Beats Estimates By $0.19 EPS
Amtech Systems (NASDAQ:ASYS) released its quarterly earnings data on Thursday. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.19, Briefing.com reports. Amtech Systems had a net margin of 5.55% and a return on equity of 12.76%. The firm had revenue of $73.60 million for the quarter, compared to the consensus estimate of $61.79 million. The firm’s quarterly revenue was up 152.9% on a year-over-year basis.
Amtech Systems (ASYS) traded down $0.41 during midday trading on Friday, hitting $8.20. 195,574 shares of the company’s stock were exchanged, compared to its average volume of 206,027. The stock has a market capitalization of $126.83, a PE ratio of 7.63 and a beta of 1.76. Amtech Systems has a fifty-two week low of $5.16 and a fifty-two week high of $15.45. The company has a current ratio of 1.83, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09.
ASYS has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 16th. Benchmark reissued a “buy” rating and set a $18.00 target price (up previously from $12.00) on shares of Amtech Systems in a research report on Tuesday, November 21st. Finally, ValuEngine raised shares of Amtech Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 21st. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Amtech Systems currently has an average rating of “Buy” and a consensus target price of $14.88.
An institutional investor recently raised its position in Amtech Systems stock. Northern Trust Corp lifted its holdings in Amtech Systems, Inc. (NASDAQ:ASYS) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,797 shares of the semiconductor company’s stock after acquiring an additional 242 shares during the quarter. Northern Trust Corp owned 0.17% of Amtech Systems worth $184,000 as of its most recent SEC filing. Institutional investors and hedge funds own 58.72% 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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