Amtech Systems (NASDAQ:ASYS) Raised to “Buy” at Wall Street Zen

Amtech Systems (NASDAQ:ASYS) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other brokerages have also weighed in on ASYS. Benchmark reaffirmed a “hold” rating on shares of Amtech Systems in a research note on Tuesday, December 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Amtech Systems in a report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Amtech Systems Stock Performance

Shares of Amtech Systems stock opened at $10.98 on Friday. The stock has a 50 day moving average of $8.18 and a 200 day moving average of $6.58. The firm has a market capitalization of $157.67 million, a price-to-earnings ratio of -5.15 and a beta of 1.70. Amtech Systems has a fifty-two week low of $3.20 and a fifty-two week high of $11.55.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership purchased a new stake in Amtech Systems during the 3rd quarter worth approximately $1,689,000. Essex Investment Management Co. LLC acquired a new position in shares of Amtech Systems in the third quarter worth $350,000. EHP Funds Inc. purchased a new stake in shares of Amtech Systems during the third quarter worth $234,000. XTX Topco Ltd purchased a new stake in shares of Amtech Systems during the second quarter worth $105,000. Finally, Citadel Advisors LLC raised its stake in shares of Amtech Systems by 39.6% in the third quarter. Citadel Advisors LLC now owns 78,454 shares of the semiconductor company’s stock valued at $726,000 after acquiring an additional 22,260 shares in the last quarter. Hedge funds and other institutional investors own 50.21% of the company’s stock.

Amtech Systems Company Profile

Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs) worldwide. The company operates through Semiconductor and Material and Substrate segments.