Amtech Systems (NASDAQ:ASYS) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Amtech Systems, Inc. (NASDAQ:ASYS)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.38 and traded as high as $21.23. Amtech Systems shares last traded at $20.33, with a volume of 612,903 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ASYS shares. Weiss Ratings downgraded Amtech Systems from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday. Zacks Research raised shares of Amtech Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Wall Street Zen raised shares of Amtech Systems from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $22.00 target price on shares of Amtech Systems in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $22.00.

Amtech Systems Stock Up 5.8%

The firm has a fifty day moving average of $19.94 and a 200-day moving average of $15.45. The firm has a market cap of $300.96 million, a P/E ratio of 121.59 and a beta of 1.99.

Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Amtech Systems had a return on equity of 5.58% and a net margin of 3.11%.The firm had revenue of $20.47 million during the quarter, compared to the consensus estimate of $19.50 million. On average, equities analysts forecast that Amtech Systems, Inc. will post 0.24 EPS for the current year.

Institutional Trading of Amtech Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASYS. NewEdge Advisors LLC lifted its stake in Amtech Systems by 84.2% in the first quarter. NewEdge Advisors LLC now owns 26,891 shares of the semiconductor company’s stock valued at $314,000 after acquiring an additional 12,291 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Amtech Systems by 28,941.0% during the 1st quarter. Bank of America Corp DE now owns 22,652 shares of the semiconductor company’s stock worth $265,000 after purchasing an additional 22,574 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Amtech Systems by 9.5% in the 1st quarter. Empowered Funds LLC now owns 32,318 shares of the semiconductor company’s stock valued at $377,000 after purchasing an additional 2,800 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Amtech Systems by 5.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 365,387 shares of the semiconductor company’s stock valued at $4,268,000 after purchasing an additional 18,354 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Amtech Systems by 104.5% in the 1st 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. 50.21% of the stock is owned by institutional investors.

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.