Amtech Systems (NASDAQ:ASYS) Lowered to Hold Rating by Zacks Research

Zacks Research lowered shares of Amtech Systems (NASDAQ:ASYS) from a strong-buy rating to a hold rating in a research note released on Thursday,Zacks.com reports.

A number of other brokerages also recently weighed in on ASYS. Weiss Ratings upgraded Amtech Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 10th. Wall Street Zen raised shares of Amtech Systems from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Finally, Roth Capital reiterated a “buy” rating and issued a $22.00 price objective on shares of Amtech Systems in a research note on Friday, May 8th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $22.00.

Amtech Systems Trading Down 7.9%

NASDAQ:ASYS opened at $15.89 on Thursday. The firm has a market capitalization of $231.36 million, a price-to-earnings ratio of 93.47 and a beta of 1.98. Amtech Systems has a 1-year low of $4.30 and a 1-year high of $25.71. The business’s fifty day moving average price is $20.00 and its 200 day moving average price is $16.49.

Amtech Systems (NASDAQ:ASYS) last announced its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. Amtech Systems had a return on equity of 5.58% and a net margin of 3.11%.The firm had revenue of $20.47 million during the quarter, compared to the consensus estimate of $19.50 million. Equities analysts forecast that Amtech Systems will post 0.24 earnings per share for the current year.

Hedge Funds Weigh In On Amtech Systems

A number of hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new position in Amtech Systems during the fourth quarter valued at approximately $88,000. XTX Topco Ltd acquired a new stake in Amtech Systems in the second quarter valued at approximately $105,000. Millennium Management LLC bought a new stake in Amtech Systems in the third quarter worth approximately $111,000. NewEdge Advisors LLC bought a new stake in Amtech Systems in the third quarter worth approximately $135,000. Finally, Walleye Capital LLC acquired a new position in shares of Amtech Systems during the 1st quarter worth $142,000. Institutional investors and hedge funds own 50.21% of the company’s stock.

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.