Amtech Systems (NASDAQ:ASYS) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Amtech Systems (NASDAQ:ASYS) from a hold rating to a buy rating in a report released on Saturday morning.

ASYS has been the subject of a number of other reports. Roth Mkm reiterated a “buy” rating and set a $22.00 price target on shares of Amtech Systems in a report on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Amtech Systems in a report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Amtech Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $22.00.

Amtech Systems Stock Performance

Shares of ASYS opened at $21.49 on Friday. The firm has a market cap of $309.58 million, a price-to-earnings ratio of 126.41 and a beta of 1.95. Amtech Systems has a fifty-two week low of $3.26 and a fifty-two week high of $23.90. The firm has a 50 day moving average price of $14.07 and a 200-day moving average price of $12.20.

Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Amtech Systems had a net margin of 3.11% and a return on equity of 5.65%. The company had revenue of $20.47 million during the quarter, compared to analyst estimates of $19.50 million. As a group, equities research analysts predict that Amtech Systems will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ASYS. Goldman Sachs Group Inc. raised its holdings in Amtech Systems by 135.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 30,066 shares of the semiconductor company’s stock worth $145,000 after purchasing an additional 17,297 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Amtech Systems by 90.8% in the 1st 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 in the last quarter. XTX Topco Ltd bought a new position in Amtech Systems in the 2nd quarter worth $105,000. GWN Securities Inc. bought a new position in Amtech Systems in the 3rd quarter worth $189,000. Finally, James Investment Research Inc. bought a new position in Amtech Systems in the 3rd quarter worth $135,000. 50.21% of the stock is currently owned by institutional investors.

About Amtech Systems

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.