Amtech Systems (ASYS) Releases Earnings Results, Beats Estimates By $0.28 EPS

Amtech Systems (NASDAQ:ASYS) released its quarterly earnings results on Thursday. The semiconductor company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.28, Fidelity Earnings reports. Amtech Systems had a return on equity of 22.08% and a net margin of 9.52%. The business had revenue of $41.20 million during the quarter, compared to analyst estimates of $35.19 million. During the same quarter last year, the company posted $0.25 EPS. Amtech Systems’s revenue for the quarter was down 13.7% on a year-over-year basis.

Shares of Amtech Systems traded down $0.69, hitting $5.14, during trading on Friday, MarketBeat Ratings reports. 622,875 shares of the stock traded hands, compared to its average volume of 162,609. The firm has a market cap of $84.31 million, a price-to-earnings ratio of 7.56 and a beta of 2.17. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.42 and a quick ratio of 1.90. Amtech Systems has a twelve month low of $5.11 and a twelve month high of $15.45.

In other news, insider Fokko Pentinga sold 16,830 shares of Amtech Systems stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $9.92, for a total transaction of $166,953.60. Following the completion of the sale, the insider now directly owns 31,830 shares in the company, valued at approximately $315,753.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Michael Whang sold 5,000 shares of Amtech Systems stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $10.01, for a total value of $50,050.00. The disclosure for this sale can be found here. 20.60% of the stock is owned by insiders.

ASYS has been the subject of a number of research reports. Roth Capital lowered Amtech Systems from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $15.00 to $9.00 in a research report on Monday, June 4th. Zacks Investment Research upgraded Amtech Systems from a “sell” rating to a “hold” rating in a research report on Monday, April 16th. ValuEngine lowered Amtech Systems from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 12th. Benchmark lowered Amtech Systems from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research report on Friday. Finally, Cowen set a $11.00 price objective on Amtech Systems and gave the stock a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Amtech Systems currently has a consensus rating of “Hold” and a consensus price target of $10.38.

About Amtech Systems

Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating solar cells, LED, and semiconductor devices in the United States, Asia, Europe, and internationally. It operates through Solar, Semiconductor, and Polishing segments. The Solar segment supplies thermal processing systems, including diffusion, plasma-enhanced chemical vapor deposition, and atomic layer deposition systems; and automation equipment comprising mass wafer transfer systems, sorters, long-boat transfer systems, load station elevators, buffers, and conveyers, as well as related parts and services.

Further Reading: Market Capitalization

Earnings History for Amtech Systems (NASDAQ:ASYS)

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