Amtech Systems, Inc. (ASYS) – What Are Analysts Thinking About This Stock?

Amtech Systems, Inc. (NASDAQ:ASYS) has received an average rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $22.00.

ASYS has been the topic of a number of recent research reports. Zacks Research cut Amtech Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Wall Street Zen downgraded Amtech Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 14th. Lake Street Capital began coverage on Amtech Systems in a research note on Tuesday. They set a “buy” rating and a $22.00 price objective for the company. Finally, Weiss Ratings lowered shares of Amtech Systems from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, September 16th.

Insiders Place Their Bets

In related news, CFO Thomas B. Sabol purchased 2,000 shares of Amtech Systems stock in a transaction dated Monday, September 14th. The stock was purchased at an average cost of $14.13 per share, with a total value of $28,260.00. Following the transaction, the chief financial officer owned 2,000 shares in the company, valued at approximately $28,260. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Guy Shechter bought 3,450 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were acquired at an average price of $14.34 per share, for a total transaction of $49,473.00. Following the completion of the purchase, the chief executive officer owned 53,450 shares in the company, valued at $766,473. The trade was a 6.90% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 26.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASYS. AWM Investment Company Inc. acquired a new stake in shares of Amtech Systems during the 2nd quarter worth approximately $15,925,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Amtech Systems by 5.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 365,387 shares of the semiconductor company’s stock valued at $4,268,000 after acquiring an additional 18,354 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Amtech Systems by 104.5% in the 1st quarter. Sei Investments Co. now owns 92,515 shares of the semiconductor company’s stock valued at $1,081,000 after buying an additional 47,282 shares during the period. Bank of New York Mellon Corp acquired a new position in Amtech Systems during the 2nd quarter worth approximately $959,000. Finally, Engineers Gate Manager LP boosted its position in shares of Amtech Systems by 2.6% during the 2nd quarter. Engineers Gate Manager LP now owns 38,552 shares of the semiconductor company’s stock worth $890,000 after acquiring an additional 972 shares in the last quarter. Hedge funds and other institutional investors own 50.21% of the company’s stock.

Amtech Systems Stock Down 0.6%

Shares of NASDAQ ASYS traded down $0.08 on Tuesday, reaching $13.08. 22,232 shares of the company’s stock traded hands, compared to its average volume of 360,416. Amtech Systems has a 12 month low of $6.75 and a 12 month high of $25.71. The business’s 50 day simple moving average is $15.31 and its two-hundred day simple moving average is $17.30. The company has a market cap of $229.03 million, a price-to-earnings ratio of 50.31 and a beta of 2.09.

Amtech Systems (NASDAQ:ASYS) last issued its earnings results on Wednesday, August 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.04. The business had revenue of $22.38 million during the quarter, compared to analysts’ expectations of $21.50 million. Amtech Systems had a net margin of 4.90% and a return on equity of 6.33%. Analysts forecast that Amtech Systems will post 0.33 earnings per share for the current fiscal year.

Amtech Systems Company Profile

Amtech Systems, Inc develops and manufactures equipment and related products used in semiconductor, silicon carbide, solar, and other advanced-materials manufacturing. Its offerings support processes such as thermal processing, wafer handling, polishing, lapping, and chemical-mechanical planarization.

Through its operating businesses, including BTU International, Entrepix, and P.R. Hoffman, Amtech provides thermal-processing systems, wafer-polishing and planarization equipment, precision lapping systems, consumables, replacement parts, and technical services.