Amtech Systems (NASDAQ:ASYS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

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 analysts have also weighed in on the company. ValuEngine upgraded Amtech Systems from a “strong sell” rating to a “sell” rating in a research note on Friday, September 7th. Benchmark lowered Amtech Systems from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research note on Friday, August 10th. Roth Capital set a $5.00 target price on Amtech Systems and gave the company a “hold” rating in a research note on Friday, August 10th. Finally, Cowen set a $11.00 target price on Amtech Systems and gave the company a “buy” rating in a research note on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.38.

Shares of NASDAQ:ASYS opened at $4.53 on Wednesday. Amtech Systems has a twelve month low of $4.46 and a twelve month high of $15.11. The firm has a market capitalization of $80.04 million, a PE ratio of 6.66 and a beta of 2.05. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.93 and a quick ratio of 2.42.

Amtech Systems (NASDAQ:ASYS) last announced its earnings results on Thursday, August 9th. The semiconductor company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.28. Amtech Systems had a return on equity of 19.36% and a net margin of 10.67%. The company had revenue of $41.20 million during the quarter, compared to analyst estimates of $35.19 million. During the same period last year, the company posted $0.25 earnings per share. The firm’s quarterly revenue was down 13.7% compared to the same quarter last year. Equities analysts anticipate that Amtech Systems will post 0.74 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of ASYS. Royce & Associates LP boosted its holdings in Amtech Systems by 35.1% in the second quarter. Royce & Associates LP now owns 1,127,922 shares of the semiconductor company’s stock valued at $6,824,000 after acquiring an additional 292,876 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Amtech Systems by 26.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,086,467 shares of the semiconductor company’s stock valued at $6,574,000 after acquiring an additional 227,486 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Amtech Systems in the first quarter valued at about $840,000. BlackRock Inc. boosted its holdings in Amtech Systems by 186.0% in the second quarter. BlackRock Inc. now owns 153,457 shares of the semiconductor company’s stock valued at $929,000 after acquiring an additional 99,807 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Amtech Systems in the first quarter valued at about $536,000. Institutional investors and hedge funds own 57.56% of the company’s stock.

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.

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