Zacks Investment Research upgraded shares of Amtech Systems (NASDAQ:ASYS) from a hold rating to a buy rating in a research note issued to investors on Tuesday. They currently have $5.50 price objective on the semiconductor company’s stock.

According to Zacks, “AMTECH SYSTEMS, INC. is engaged in the manufacture of several items of capital equipment, one of which is patented, used by customers in the manufacture of semiconductors. Co. has recently obtained a U.S. patent on technology on which it expects to base a proposed new photo chemical vapor deposition (CVD) product for use in semiconductor manufacturing facilities. The Company has engaged the University of California, Santa Cruz, to conduct a study to determine the feasibility of such a product. “

A number of other equities analysts have also recently commented on the stock. ValuEngine cut shares of Amtech Systems from a sell rating to a strong sell rating in a research report on Monday, August 20th. Cowen set a $11.00 price objective on shares of Amtech Systems and gave the stock a buy rating in a research report on Thursday, August 9th. Roth Capital set a $5.00 price objective on shares of Amtech Systems and gave the stock a hold rating in a research report on Friday, August 10th. Finally, Benchmark cut shares of Amtech Systems from a buy rating to a hold rating and set a $16.00 price objective for the company. in a research report on Friday, August 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $9.38.

Shares of ASYS opened at $4.75 on Tuesday. The firm has a market cap of $80.04 million, a P/E ratio of 6.99 and a beta of 2.05. Amtech Systems has a 1-year low of $4.56 and a 1-year high of $15.45. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.42 and a current ratio of 2.93.

Amtech Systems (NASDAQ:ASYS) last issued its earnings results on Thursday, August 9th. The semiconductor company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.28. The business had revenue of $41.20 million for the quarter, compared to the consensus estimate of $35.19 million. Amtech Systems had a net margin of 10.67% and a return on equity of 19.36%. The firm’s revenue for the quarter was down 13.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 earnings per share. On average, analysts predict that Amtech Systems will post 0.74 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Royce & Associates LP boosted its position in Amtech Systems by 35.1% during the second quarter. Royce & Associates LP now owns 1,127,922 shares of the semiconductor company’s stock worth $6,824,000 after purchasing an additional 292,876 shares during the period. Dimensional Fund Advisors LP boosted its position in Amtech Systems by 26.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,086,467 shares of the semiconductor company’s stock worth $6,574,000 after purchasing an additional 227,486 shares during the period. BlackRock Inc. boosted its position in Amtech Systems by 186.0% during the second quarter. BlackRock Inc. now owns 153,457 shares of the semiconductor company’s stock worth $929,000 after purchasing an additional 99,807 shares during the period. JPMorgan Chase & Co. bought a new position in Amtech Systems during the first quarter worth $840,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Amtech Systems by 37.3% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 109,320 shares of the semiconductor company’s stock valued at $661,000 after acquiring an additional 29,705 shares during the period. 57.56% of the stock is owned by hedge funds and other institutional investors.

Amtech Systems Company Profile

Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating solar cells, LED, and semiconductor devices in the United States, Asia, Europe, and internationally. It operates through Solar, Semiconductor, and Polishing segments. The Solar segment supplies thermal processing systems, including diffusion, plasma-enhanced chemical vapor deposition, and atomic layer deposition systems; and automation equipment comprising mass wafer transfer systems, sorters, long-boat transfer systems, load station elevators, buffers, and conveyers, as well as related parts and services.

Further Reading: Fundamental Analysis and Choosing Stocks

Get a free copy of the Zacks research report on Amtech Systems (ASYS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Amtech Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amtech Systems and related companies with MarketBeat.com's FREE daily email newsletter.