Amtech Systems, Inc. (NASDAQ:ASYS) Stock Now Rated “Hold” by Wall Street Analysts

Amtech Systems, Inc. (NASDAQ:ASYS) has been assigned an average rating of “Hold” from the five research firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $22.00.

Several research analysts have recently commented on the stock. Zacks Research lowered shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Weiss Ratings lowered shares of Amtech Systems from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, September 16th. Lake Street Capital assumed coverage on shares of Amtech Systems in a report on Tuesday. They issued a “buy” rating and a $22.00 target price on the stock. Finally, Wall Street Zen cut shares of Amtech Systems from a “strong-buy” rating to a “buy” rating in a report on Monday, September 14th.

Amtech Systems Price Performance

NASDAQ:ASYS traded down $0.08 during trading hours on Tuesday, reaching $13.08. 22,232 shares of the company traded hands, compared to its average volume of 360,416. The stock has a market cap of $229.03 million, a P/E ratio of 50.31 and a beta of 2.09. Amtech Systems has a 1-year low of $6.75 and a 1-year high of $25.71. The firm’s 50-day moving average is $15.31 and its 200-day moving average is $17.30.

Amtech Systems (NASDAQ:ASYS) last released 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 for 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%. As a group, research analysts predict that Amtech Systems will post 0.33 earnings per share for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Amtech Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Walleye Capital LLC acquired a new position in Amtech Systems in the 1st quarter valued at approximately $142,000. Bank of America Corp DE increased its holdings in shares of 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 worth $265,000 after buying an additional 22,574 shares in the last quarter. State of Wyoming acquired a new position in Amtech Systems during the 1st quarter worth about $277,000. Hillsdale Investment Management Inc. bought a new stake in shares of Amtech Systems during the first quarter valued at approximately $296,000. Finally, NewEdge Advisors LLC increased its stake in shares of Amtech Systems by 84.2% in the 1st quarter. NewEdge Advisors LLC now owns 26,891 shares of the semiconductor company’s stock valued at $314,000 after buying an additional 12,291 shares during the period. Institutional investors own 50.21% of the company’s stock.

About Amtech Systems

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.