Amtech Systems (NASDAQ:ASYS) Stock Rating Upgraded by Zacks Research

Amtech Systems (NASDAQ:ASYS) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

ASYS has been the topic of a number of other research reports. Wall Street Zen raised Amtech Systems from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 17th. Roth Mkm reissued a “buy” rating and issued a $22.00 target price on shares of Amtech Systems in a research note on Friday, May 8th. Finally, Weiss Ratings lowered Amtech Systems from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Amtech Systems presently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

Amtech Systems Trading Up 5.8%

Shares of NASDAQ:ASYS opened at $20.67 on Wednesday. Amtech Systems has a 1-year low of $4.12 and a 1-year high of $25.71. The stock has a market capitalization of $300.96 million, a P/E ratio of 121.59 and a beta of 1.99. The business has a 50-day moving average price of $20.04 and a two-hundred day moving average price of $15.54.

Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. Amtech Systems had a net margin of 3.11% and a return on equity of 5.58%. The company had revenue of $20.47 million during the quarter, compared to analysts’ expectations of $19.50 million. As a group, equities analysts predict that Amtech Systems will post 0.24 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ASYS. NewEdge Advisors LLC grew its stake in Amtech Systems by 84.2% during the first quarter. NewEdge Advisors LLC now owns 26,891 shares of the semiconductor company’s stock worth $314,000 after purchasing an additional 12,291 shares during the period. Bank of America Corp DE lifted its stake in Amtech Systems by 28,941.0% in the first quarter. Bank of America Corp DE now owns 22,652 shares of the semiconductor company’s stock valued at $265,000 after buying an additional 22,574 shares during the period. Empowered Funds LLC boosted its holdings in shares of Amtech Systems by 9.5% during the 1st quarter. Empowered Funds LLC now owns 32,318 shares of the semiconductor company’s stock worth $377,000 after buying an additional 2,800 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Amtech Systems by 5.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 365,387 shares of the semiconductor company’s stock worth $4,268,000 after buying an additional 18,354 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Amtech Systems by 104.5% during the 1st quarter. Sei Investments Co. now owns 92,515 shares of the semiconductor company’s stock worth $1,081,000 after buying an additional 47,282 shares during the period. 50.21% of the stock is owned by institutional investors and hedge funds.

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.