Cowen set a $7.00 price target on Amtech Systems (NASDAQ:ASYS) in a research report sent to investors on Friday morning. The firm currently has a buy rating on the semiconductor company’s stock.

Several other equities analysts have also recently commented on the company. Benchmark reiterated a hold rating on shares of Amtech Systems in a research note on Friday. Zacks Investment Research upgraded Amtech Systems from a sell rating to a hold rating and set a $5.75 target price for the company in a research note on Monday, February 4th. Finally, ValuEngine cut Amtech Systems from a hold rating to a sell rating in a research note on Wednesday, January 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $8.44.

Amtech Systems stock opened at $5.15 on Friday. The company has a market cap of $73.27 million, a PE ratio of 257.50 and a beta of 2.35. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.96 and a quick ratio of 2.36. Amtech Systems has a 52 week low of $4.03 and a 52 week high of $10.67.

Amtech Systems (NASDAQ:ASYS) last released its earnings results on Thursday, February 7th. The semiconductor company reported ($0.12) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.12. The company had revenue of $29.50 million during the quarter, compared to analysts’ expectations of $27.70 million. Amtech Systems had a positive return on equity of 0.44% and a negative net margin of 2.66%. The business’s revenue was down 59.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 EPS. As a group, analysts forecast that Amtech Systems will post -0.3 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. WealthTrust Axiom LLC lifted its stake in Amtech Systems by 19.9% during the fourth quarter. WealthTrust Axiom LLC now owns 62,150 shares of the semiconductor company’s stock worth $281,000 after purchasing an additional 10,328 shares during the last quarter. Royce & Associates LP lifted its stake in Amtech Systems by 1.5% during the third quarter. Royce & Associates LP now owns 1,144,387 shares of the semiconductor company’s stock worth $6,111,000 after purchasing an additional 16,465 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Amtech Systems by 19.2% during the third quarter. Janney Montgomery Scott LLC now owns 180,101 shares of the semiconductor company’s stock worth $962,000 after purchasing an additional 29,050 shares during the last quarter. BlackRock Inc. lifted its stake 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 last quarter. Finally, Ancora Advisors LLC lifted its stake in Amtech Systems by 116.5% during the third quarter. Ancora Advisors LLC now owns 281,760 shares of the semiconductor company’s stock worth $1,505,000 after purchasing an additional 151,605 shares during the last quarter. Hedge funds and other institutional investors own 54.92% 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, light-emitting diodes (LEDs), and semiconductor devices in the United States, Europe, China, Malaysia, Taiwan, Germany, the Netherlands, France, and internationally. The company operates through three segments: Solar, Semiconductor, and Polishing.

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