Amtech Systems (ASYS) Downgraded by TheStreet

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TheStreet lowered shares of Amtech Systems (NASDAQ:ASYS) from a c rating to a d+ rating in a research note published on Friday morning.

ASYS has been the subject of several other reports. ValuEngine raised shares of Amtech Systems from a sell rating to a hold rating in a report on Wednesday, January 2nd. Benchmark reiterated a hold rating on shares of Amtech Systems in a research report on Friday. Cowen set a $9.00 target price on shares of Amtech Systems and gave the stock a buy rating in a research report on Friday, November 30th. Finally, Zacks Investment Research upgraded shares of Amtech Systems from a hold rating to a buy rating and set a $5.50 target price for the company in a research report on Tuesday, October 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Amtech Systems presently has a consensus rating of Hold and a consensus target price of $8.56.

Shares of ASYS opened at $4.79 on Friday. The stock has a market cap of $73.28 million, a PE ratio of 8.40 and a beta of 2.35. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.36 and a current ratio of 2.96. Amtech Systems has a 1-year low of $4.03 and a 1-year high of $10.67.

Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings data on Thursday, February 7th. The semiconductor company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.12. The business had revenue of $29.50 million for the quarter, compared to analyst estimates of $27.70 million. Amtech Systems had a negative net margin of 2.66% and a positive return on equity of 0.44%. Amtech Systems’s quarterly revenue was down 59.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Research analysts expect that Amtech Systems will post -0.3 EPS for the current year.

Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in Amtech Systems by 31.3% in the 4th quarter. Bank of New York Mellon Corp now owns 20,171 shares of the semiconductor company’s stock worth $91,000 after purchasing an additional 4,804 shares in the last quarter. WealthTrust Axiom LLC raised its position in Amtech Systems by 19.9% during the 4th quarter. WealthTrust Axiom LLC now owns 62,150 shares of the semiconductor company’s stock worth $281,000 after buying an additional 10,328 shares during the last quarter. Royce & Associates LP raised its position in Amtech Systems by 1.5% during the 3rd quarter. Royce & Associates LP now owns 1,144,387 shares of the semiconductor company’s stock worth $6,111,000 after buying an additional 16,465 shares during the last quarter. Ancora Advisors LLC increased its holdings in shares of Amtech Systems by 116.5% during the 3rd quarter. Ancora Advisors LLC now owns 281,760 shares of the semiconductor company’s stock valued at $1,505,000 after purchasing an additional 151,605 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Amtech Systems by 15.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,250,824 shares of the semiconductor company’s stock valued at $6,679,000 after purchasing an additional 164,357 shares in the last quarter. Institutional investors and hedge funds own 54.92% of the company’s stock.

Amtech Systems Company Profile

Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating solar cells, light-emitting diodes (LEDs), and semiconductor devices in the United States, Europe, China, Malaysia, Taiwan, Germany, the Netherlands, France, and internationally. The company operates through three segments: Solar, Semiconductor, and Polishing.

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