Amtech Systems (NASDAQ:ASYS) Stock Rating Lowered by Wall Street Zen

Amtech Systems (NASDAQ:ASYS) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday, Wall Street Zen reports.

Other equities research analysts also recently issued reports about the company. Weiss Ratings raised Amtech Systems from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 31st. Zacks Research cut shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $22.00.

Amtech Systems Stock Performance

Shares of ASYS stock opened at $13.83 on Monday. The stock’s 50-day moving average is $15.77 and its two-hundred day moving average is $16.76. The firm has a market cap of $242.16 million, a price-to-earnings ratio of 53.19 and a beta of 2.01. Amtech Systems has a 1 year low of $6.75 and a 1 year high of $25.71.

Amtech Systems (NASDAQ:ASYS) last posted its earnings results on Wednesday, August 5th. The semiconductor company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. The business had revenue of $22.38 million during the quarter, compared to the consensus estimate of $21.50 million. Amtech Systems had a return on equity of 6.33% and a net margin of 4.90%. As a group, research analysts predict that Amtech Systems will post 0.33 EPS for the current year.

Insider Transactions at Amtech Systems

In other Amtech Systems news, CEO Guy Shechter bought 3,450 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was acquired at an average cost of $14.34 per share, with a total value of $49,473.00. Following the purchase, the chief executive officer owned 53,450 shares in the company, valued at approximately $766,473. This represents a 6.90% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 26.90% of the company’s stock.

Institutional Trading of Amtech Systems

A number of institutional investors have recently modified their holdings of ASYS. AWM Investment Company Inc. acquired a new position in Amtech Systems during the second quarter worth $15,925,000. Sei Investments Co. grew its holdings in Amtech Systems by 104.5% in the first quarter. Sei Investments Co. now owns 92,515 shares of the semiconductor company’s stock valued at $1,081,000 after purchasing an additional 47,282 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Amtech Systems in the second quarter valued at $959,000. WINTON GROUP Ltd purchased a new position in shares of Amtech Systems in the second quarter valued at $654,000. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Amtech Systems in the first quarter valued at $296,000. 50.21% of the stock is currently owned by hedge funds and other institutional investors.

About Amtech Systems

Amtech Systems, Inc is a semiconductor equipment manufacturer that designs, develops and produces thermal processing systems used in the fabrication of semiconductor devices. Its equipment is intended for applications including wafer processing, diffusion, oxidation, annealing and other high-temperature manufacturing steps.

The company’s product portfolio has included batch and single-wafer processing systems, rapid thermal processing equipment, and related automation, controls and aftermarket services.