Zacks Investment Research upgraded shares of Amtech Systems (NASDAQ:ASYS) from a hold rating to a strong-buy rating in a report issued on Monday. Zacks Investment Research currently has $9.50 price objective on the semiconductor company’s stock.
According to Zacks, “AMTECH SYSTEMS, INC. is engaged in the manufacture of several items of capital equipment, one of which is patented, used by customers in the manufacture of semiconductors. Co. has recently obtained a U.S. patent on technology on which it expects to base a proposed new photo chemical vapor deposition (CVD) product for use in semiconductor manufacturing facilities. The Company has engaged the University of California, Santa Cruz, to conduct a study to determine the feasibility of such a product. “
Separately, ValuEngine lowered Amtech Systems from a hold rating to a sell rating in a report on Wednesday, May 2nd. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $13.25.
Amtech Systems opened at $8.74 on Monday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.42 and a quick ratio of 1.90. Amtech Systems has a 12-month low of $8.75 and a 12-month high of $9.18. The firm has a market capitalization of $133.77 million, a P/E ratio of 6.55 and a beta of 2.05.
Amtech Systems (NASDAQ:ASYS) last announced its quarterly earnings data on Thursday, May 10th. The semiconductor company reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.27. Amtech Systems had a return on equity of 22.08% and a net margin of 9.52%. The company had revenue of $32.78 million during the quarter, compared to analyst estimates of $27.80 million. During the same quarter last year, the firm posted ($0.11) EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. sell-side analysts expect that Amtech Systems will post 0.61 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in Amtech Systems by 1,331.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,878 shares of the semiconductor company’s stock worth $104,000 after buying an additional 8,258 shares during the last quarter. Wells Fargo & Company MN bought a new stake in Amtech Systems in the 4th quarter worth approximately $105,000. Monashee Investment Management LLC bought a new stake in Amtech Systems in the 4th quarter worth approximately $115,000. Cambria Investment Management L.P. bought a new stake in Amtech Systems in the 1st quarter worth approximately $187,000. Finally, A.R.T. Advisors LLC lifted its position in Amtech Systems by 45.4% in the 1st quarter. A.R.T. Advisors LLC now owns 28,968 shares of the semiconductor company’s stock worth $212,000 after buying an additional 9,050 shares during the last quarter. 63.93% of the stock is owned by institutional investors.
About Amtech Systems
Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating solar cells, LED, and semiconductor devices in the United States, Asia, Europe, and internationally. It operates through Solar, Semiconductor, and Polishing segments. The Solar segment supplies thermal processing systems, including diffusion, plasma-enhanced chemical vapor deposition, and atomic layer deposition systems; and automation equipment comprising mass wafer transfer systems, sorters, long-boat transfer systems, load station elevators, buffers, and conveyers, as well as related parts and services.
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