Amtech Systems (NASDAQ:ASYS) Now Covered by Analysts at Lake Street Capital

Equities research analysts at Lake Street Capital started coverage on shares of Amtech Systems (NASDAQ:ASYS) in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm set a “buy” rating and a $22.00 price target on the semiconductor company’s stock. Lake Street Capital’s price objective would indicate a potential upside of 67.17% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. Weiss Ratings downgraded shares of Amtech Systems from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, September 16th. Wall Street Zen lowered shares of Amtech Systems from a “strong-buy” rating to a “buy” rating in a report on Monday, September 14th. Finally, Zacks Research cut Amtech Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $22.00.

Amtech Systems Stock Performance

NASDAQ:ASYS opened at $13.16 on Tuesday. The firm has a market cap of $230.43 million, a P/E ratio of 44.14 and a beta of 2.09. Amtech Systems has a fifty-two week low of $6.75 and a fifty-two week high of $25.71. The firm has a 50-day simple moving average of $15.31 and a two-hundred day simple moving average of $17.30.

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%. On average, equities research analysts predict that Amtech Systems will post 0.33 EPS for the current year.

Insider Buying and Selling at Amtech Systems

In other Amtech Systems news, CEO Guy Shechter acquired 3,450 shares of Amtech Systems stock in a transaction that occurred on Monday, August 24th. The stock was bought at an average cost of $14.34 per share, for a total transaction of $49,473.00. Following the acquisition, the chief executive officer owned 53,450 shares of the company’s stock, valued at $766,473. This represents a 6.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Thomas Sabol acquired 2,000 shares of Amtech Systems stock in a transaction that occurred on Monday, September 14th. The stock was acquired at an average price of $14.13 per share, with a total value of $28,260.00. Following the completion of the acquisition, the chief financial officer directly owned 2,000 shares in the company, valued at $28,260. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 26.90% of the company’s stock.

Hedge Funds Weigh In On Amtech Systems

Several hedge funds and other institutional investors have recently bought and sold shares of ASYS. Walleye Capital LLC bought a new stake in shares of Amtech Systems in the first quarter worth approximately $142,000. Bank of America Corp DE lifted its position in Amtech Systems by 28,941.0% during the first quarter. Bank of America Corp DE now owns 22,652 shares of the semiconductor company’s stock valued at $265,000 after purchasing an additional 22,574 shares during the period. State of Wyoming bought a new position in Amtech Systems during the first quarter valued at approximately $277,000. Hillsdale Investment Management Inc. purchased a new stake in Amtech Systems in the first quarter worth approximately $296,000. Finally, NewEdge Advisors LLC boosted its holdings in Amtech Systems by 84.2% in the first quarter. NewEdge Advisors LLC now owns 26,891 shares of the semiconductor company’s stock worth $314,000 after purchasing an additional 12,291 shares during the last quarter. Institutional investors own 50.21% of the company’s stock.

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.