Amtech Systems (NASDAQ:ASYS) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Amtech Systems (NASDAQ:ASYS) from a buy rating to a strong-buy rating in a report issued on Sunday.

A number of other research firms have also recently commented on ASYS. Roth Mkm reiterated a “buy” rating and set a $22.00 target price on shares of Amtech Systems in a research report on Friday, May 8th. Zacks Research upgraded Amtech Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Amtech Systems in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Amtech Systems currently has a consensus rating of “Hold” and an average target price of $22.00.

Amtech Systems Price Performance

Amtech Systems stock opened at $21.08 on Friday. Amtech Systems has a 1-year low of $3.49 and a 1-year high of $23.90. The stock has a market cap of $305.66 million, a PE ratio of 124.00 and a beta of 1.95. The stock’s fifty day moving average is $15.05 and its two-hundred day moving average is $12.78.

Amtech Systems (NASDAQ:ASYS) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.10 EPS for the quarter, topping 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 business had revenue of $20.47 million for the quarter, compared to analysts’ expectations of $19.50 million. On average, research analysts expect that Amtech Systems will post 0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amtech Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership grew its holdings in shares of Amtech Systems by 5.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 365,387 shares of the semiconductor company’s stock worth $4,268,000 after buying an additional 18,354 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Amtech Systems by 104.5% during the first 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 last quarter. Walleye Capital LLC purchased a new position in shares of Amtech Systems during the first quarter worth about $142,000. State of Wyoming purchased a new position in shares of Amtech Systems during the first quarter worth about $277,000. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Amtech Systems during the first quarter worth about $296,000. Hedge funds and other institutional investors own 50.21% of the company’s stock.

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.