Amtech Systems (NASDAQ:ASYS) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Amtech Systems (NASDAQ:ASYS) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Other equities research analysts also recently issued research reports about the company. Zacks Research raised Amtech Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Amtech Systems in a research report on Wednesday, January 21st. Finally, Benchmark reiterated a “hold” rating on shares of Amtech Systems in a research note on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Amtech Systems Stock Performance

NASDAQ ASYS opened at $12.56 on Friday. The company has a market cap of $180.99 million, a PE ratio of -5.87 and a beta of 1.67. The firm’s 50 day moving average price is $13.31 and its 200-day moving average price is $9.41. Amtech Systems has a 52-week low of $3.20 and a 52-week high of $18.59.

Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The business had revenue of $18.97 million during the quarter, compared to the consensus estimate of $19.25 million. Amtech Systems had a negative return on equity of 1.53% and a negative net margin of 41.28%. On average, analysts forecast that Amtech Systems will post 0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amtech Systems

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership purchased a new stake in Amtech Systems during the 3rd quarter worth approximately $1,689,000. Ritholtz Wealth Management acquired a new stake in shares of Amtech Systems during the fourth quarter worth $497,000. Essex Investment Management Co. LLC purchased a new stake in shares of Amtech Systems during the third quarter valued at $350,000. Merit Financial Group LLC purchased a new stake in shares of Amtech Systems during the fourth quarter valued at $464,000. Finally, EHP Funds Inc. acquired a new position in shares of Amtech Systems in the 3rd quarter valued at $234,000. 50.21% of the stock is owned by hedge funds and other institutional investors.

Amtech Systems Company Profile

Amtech Systems, Inc is a global supplier of capital equipment and aftermarket parts for the solar photovoltaic and semiconductor industries. The company’s solutions support key steps in wafer and cell production, offering both new machinery and spares designed to optimize yield, throughput and energy efficiency. Amtech operates through two primary segments: solar manufacturing and semiconductor & electronics packaging.

In its solar segment, Amtech provides diffusion furnaces, epitaxy reactors and plasma-enhanced chemical vapor deposition (PECVD) systems used in high-volume solar cell fabrication.