According to Zacks, “AMTECH SYSTEMS, INC. is engaged in the manufacture of several items of capital equipment, one of which is patented, used by customers in the manufacture of semiconductors. Co. has recently obtained a U.S. patent on technology on which it expects to base a proposed new photo chemical vapor deposition (CVD) product for use in semiconductor manufacturing facilities. The Company has engaged the University of California, Santa Cruz, to conduct a study to determine the feasibility of such a product. “
Separately, TheStreet cut Amtech Systems from a hold rating to a sell rating in a report on Tuesday, September 27th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $8.73.
Shares of Amtech Systems (NASDAQ:ASYS) opened at 4.58 on Monday. The stock’s 50 day moving average price is $5.03 and its 200 day moving average price is $5.89. Amtech Systems has a one year low of $4.12 and a one year high of $8.40. The company’s market cap is $60.33 million.
Amtech Systems (NASDAQ:ASYS) last issued its earnings results on Thursday, August 4th. The company reported ($0.09) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.18. The company earned $33.30 million during the quarter, compared to the consensus estimate of $31.26 million. Amtech Systems had a negative return on equity of 21.02% and a negative net margin of 5.07%. The firm’s revenue for the quarter was down 16.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.12) EPS. Equities analysts predict that Amtech Systems will post ($0.59) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Amtech Systems stock. Royce & Associates LP raised its position in Amtech Systems Inc. (NASDAQ:ASYS) by 3.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,431,623 shares of the company’s stock after buying an additional 49,455 shares during the period. Royce & Associates LP owned about 10.87% of Amtech Systems worth $9,291,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 53.01% of the company’s stock.
About Amtech Systems
Amtech Systems, Inc is a manufacturer of capital equipment, including thermal processing, silicon wafer handling automation and related consumables used in fabricating solar cells, light-emitting diode (LED) and semiconductor devices. The Company’s segments include Solar, Semiconductor and Polishing.
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