Amtech Systems (NASDAQ:ASYS) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Amtech Systems (NASDAQ:ASYS) from a strong-buy rating to a buy rating in a research note published on Sunday.

Several other analysts have also recently issued reports on ASYS. Benchmark restated a “hold” rating on shares of Amtech Systems in a research note on Tuesday, December 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Amtech Systems in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded Amtech Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Amtech Systems has an average rating of “Hold”.

Amtech Systems Trading Up 2.4%

Amtech Systems stock opened at $14.25 on Friday. Amtech Systems has a 52 week low of $3.20 and a 52 week high of $14.70. The stock has a market cap of $204.59 million, a P/E ratio of -6.69 and a beta of 1.65. The stock has a 50 day moving average of $10.12 and a 200-day moving average of $7.92.

Institutional Trading of Amtech Systems

Large investors have recently added to or reduced their stakes in the business. Williams & Novak LLC grew its position in Amtech Systems by 24.8% in the 2nd quarter. Williams & Novak LLC now owns 18,385 shares of the semiconductor company’s stock valued at $82,000 after buying an additional 3,650 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Amtech Systems in the 2nd quarter worth approximately $105,000. Millennium Management LLC bought a new position in shares of Amtech Systems in the third quarter valued at approximately $111,000. Thompson Davis & CO. Inc. acquired a new position in shares of Amtech Systems during the third quarter valued at approximately $123,000. Finally, NewEdge Advisors LLC bought a new stake in Amtech Systems during the third quarter worth approximately $135,000. 50.21% of the stock is currently 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.