Amtech Systems (ASYS) – Investment Analysts’ Recent Ratings Changes

Amtech Systems (NASDAQ: ASYS) has recently received a number of price target changes and ratings updates:

  • 1/8/2018 – Amtech Systems was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “AMTECH SYSTEMS, INC. is engaged in the manufacture of several items of capital equipment, one of which is patented, used by customers in the manufacture of semiconductors. Co. has recently obtained a U.S. patent on technology on which it expects to base a proposed new photo chemical vapor deposition (CVD) product for use in semiconductor manufacturing facilities. The Company has engaged the University of California, Santa Cruz, to conduct a study to determine the feasibility of such a product. “
  • 1/2/2018 – Amtech Systems was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “AMTECH SYSTEMS, INC. is engaged in the manufacture of several items of capital equipment, one of which is patented, used by customers in the manufacture of semiconductors. Co. has recently obtained a U.S. patent on technology on which it expects to base a proposed new photo chemical vapor deposition (CVD) product for use in semiconductor manufacturing facilities. The Company has engaged the University of California, Santa Cruz, to conduct a study to determine the feasibility of such a product. “
  • 12/31/2017 – Amtech Systems was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 12/27/2017 – Amtech Systems was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “AMTECH SYSTEMS, INC. is engaged in the manufacture of several items of capital equipment, one of which is patented, used by customers in the manufacture of semiconductors. Co. has recently obtained a U.S. patent on technology on which it expects to base a proposed new photo chemical vapor deposition (CVD) product for use in semiconductor manufacturing facilities. The Company has engaged the University of California, Santa Cruz, to conduct a study to determine the feasibility of such a product. “
  • 11/30/2017 – Amtech Systems was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 11/21/2017 – Amtech Systems was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 11/21/2017 – Amtech Systems had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $18.00 price target on the stock, up previously from $12.00. They wrote, “We see FY17 earnings growing from $0.68 per diluted share to $0.86 per diluted share in FY18.””

Shares of Amtech Systems, Inc. (NASDAQ ASYS) traded down $0.13 during mid-day trading on Friday, reaching $10.70. The company had a trading volume of 175,694 shares, compared to its average volume of 262,465. The firm has a market capitalization of $157.62, a PE ratio of 16.46 and a beta of 1.97. Amtech Systems, Inc. has a 52-week low of $4.02 and a 52-week high of $15.45. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 1.83.

In related news, Director Paul J. Van Der Wansem sold 50,662 shares of Amtech Systems stock in a transaction on Friday, November 24th. The stock was sold at an average price of $13.04, for a total transaction of $660,632.48. Following the completion of the transaction, the director now directly owns 330,199 shares of the company’s stock, valued at $4,305,794.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Paul J. Van Der Wansem sold 70,030 shares of Amtech Systems stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $13.04, for a total value of $913,191.20. Following the transaction, the director now directly owns 330,199 shares of the company’s stock, valued at $4,305,794.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 144,292 shares of company stock valued at $1,857,068. 34.60% of the stock is currently owned by insiders.

Amtech Systems, Inc is engaged in the manufacture of capital equipment, including thermal processing, silicon wafer handling automation and related consumables used in fabricating solar cells, Light Emitting Diode (LED) and semiconductor devices. The Company operates through three business segments: solar, semiconductor and polishing.

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