Amtech Systems (NASDAQ:ASYS) Stock Breaks Above 200-Day Moving Average – What’s Next?

Amtech Systems, Inc. (NASDAQ:ASYS) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $17.03 and traded as high as $17.98. Amtech Systems shares last traded at $17.83, with a volume of 221,866 shares.

Analyst Ratings Changes

A number of research firms have recently weighed in on ASYS. Wall Street Zen downgraded shares of Amtech Systems from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 14th. Zacks Research cut shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings cut shares of Amtech Systems from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, September 16th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Amtech Systems presently has a consensus rating of “Hold” and an average target price of $22.00.

Amtech Systems Stock Down 0.9%

The firm has a market capitalization of $308.18 million, a P/E ratio of 67.69 and a beta of 2.09. The company has a fifty day simple moving average of $15.38 and a 200 day simple moving average of $17.08.

Amtech Systems (NASDAQ:ASYS) last posted its quarterly 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 firm had revenue of $22.38 million during the quarter, compared to analyst estimates of $21.50 million. Amtech Systems had a return on equity of 6.33% and a net margin of 4.90%. As a group, equities analysts expect that Amtech Systems, Inc. will post 0.33 earnings per share for the current fiscal year.

Insider Activity at Amtech Systems

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

Hedge Funds Weigh In On Amtech Systems

A number of hedge funds have recently bought and sold shares of ASYS. WINTON GROUP Ltd purchased a new position in shares of Amtech Systems during the second quarter valued at approximately $654,000. Engineers Gate Manager LP boosted its holdings in Amtech Systems by 2.6% in the second quarter. Engineers Gate Manager LP now owns 38,552 shares of the semiconductor company’s stock worth $890,000 after purchasing an additional 972 shares during the last quarter. AWM Investment Company Inc. bought a new stake in Amtech Systems in the 2nd quarter worth approximately $15,925,000. Bank of New York Mellon Corp purchased a new stake in Amtech Systems during the 2nd quarter valued at $959,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Amtech Systems by 84.2% during 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. Hedge funds and other 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.