Amtech Systems (NASDAQ:ASYS) Shares Pass Above 200 Day Moving Average – Should You Sell?

Amtech Systems, Inc. (NASDAQ:ASYS)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.05 and traded as high as $18.24. Amtech Systems shares last traded at $17.87, with a volume of 612,270 shares.

Wall Street Analyst Weigh In

ASYS has been the subject of several recent analyst reports. Zacks Research raised Amtech Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. Roth Capital reaffirmed a “buy” rating and set a $22.00 price target on shares of Amtech Systems in a research report on Friday, May 8th. Weiss Ratings cut shares of Amtech Systems from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Amtech Systems has a consensus rating of “Moderate Buy” and an average target price of $22.00.

Amtech Systems Trading Up 5.5%

The company has a 50 day moving average price of $20.51 and a 200 day moving average price of $16.14. The company has a market capitalization of $271.84 million, a P/E ratio of 109.82 and a beta of 1.98.

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. The business had revenue of $20.47 million for the quarter, compared to analysts’ expectations of $19.50 million. Amtech Systems had a return on equity of 5.58% and a net margin of 3.11%. As a group, sell-side analysts forecast that Amtech Systems, Inc. will post 0.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Amtech Systems

A number of institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC increased its stake in shares of Amtech Systems by 84.2% during the first quarter. NewEdge Advisors LLC now owns 26,891 shares of the semiconductor company’s stock worth $314,000 after purchasing an additional 12,291 shares during the period. Bank of America Corp DE boosted its stake in Amtech Systems by 28,941.0% in the 1st quarter. Bank of America Corp DE now owns 22,652 shares of the semiconductor company’s stock valued at $265,000 after purchasing an additional 22,574 shares during the period. Empowered Funds LLC boosted its stake in 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 grew its holdings 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 buying an additional 18,354 shares in the last quarter. Finally, Sei Investments Co. increased its position in Amtech Systems by 104.5% during the 1st quarter. Sei Investments Co. now owns 92,515 shares of the semiconductor company’s stock worth $1,081,000 after buying an additional 47,282 shares during the period. Institutional investors own 50.21% of the company’s stock.

Amtech Systems Company Profile

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.