Amtech Systems (NASDAQ:ASYS) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Amtech Systems (NASDAQ:ASYS) from a hold rating to a strong-buy rating in a research note released on Tuesday morning,Zacks.com reports.

ASYS has been the topic of a number of other research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Amtech Systems in a research note on Wednesday, October 8th. Benchmark reiterated a “hold” rating on shares of Amtech Systems in a research report on Tuesday, December 2nd. Finally, Wall Street Zen upgraded Amtech Systems from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Amtech Systems Trading Up 2.6%

ASYS stock opened at $12.19 on Tuesday. The company’s 50 day moving average is $8.28 and its 200 day moving average is $6.72. The stock has a market cap of $175.05 million, a price-to-earnings ratio of -5.72 and a beta of 1.70. Amtech Systems has a 1-year low of $3.20 and a 1-year high of $12.39.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Amtech Systems by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 676,006 shares of the semiconductor company’s stock valued at $6,260,000 after buying an additional 17,099 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Amtech Systems in the third quarter valued at about $1,689,000. Citadel Advisors LLC raised its stake in shares of Amtech Systems by 39.6% during 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 during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Amtech Systems by 90.8% during the first quarter. Acadian Asset Management LLC now owns 42,584 shares of the semiconductor company’s stock worth $204,000 after purchasing an additional 20,264 shares during the period. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Amtech Systems during the third quarter worth about $350,000. Institutional investors own 50.21% of the company’s stock.

About Amtech Systems

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.