Amtech Systems (NASDAQ:ASYS) Research Coverage Started at Lake Street Capital

Lake Street Capital began coverage on shares of Amtech Systems (NASDAQ:ASYS) in a research note released on Tuesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $22.00 price objective on the semiconductor company’s stock.

Other equities analysts have also issued reports about the stock. Wall Street Zen lowered shares of Amtech Systems from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 14th. Zacks Research downgraded shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings lowered shares of Amtech Systems from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, September 16th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $22.00.

Amtech Systems Price Performance

Amtech Systems stock opened at $12.34 on Tuesday. The stock has a market capitalization of $216.07 million, a price-to-earnings ratio of 47.90 and a beta of 2.09. Amtech Systems has a 1-year low of $6.75 and a 1-year high of $25.71. The business has a fifty day moving average price of $15.16 and a 200-day moving average price of $17.33.

Amtech Systems (NASDAQ:ASYS) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.04. Amtech Systems had a return on equity of 6.33% and a net margin of 4.90%. The company had revenue of $22.38 million for the quarter, compared to analyst estimates of $21.50 million. On average, equities research analysts anticipate that Amtech Systems will post 0.33 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Thomas B. Sabol purchased 2,000 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was bought at an average cost of $14.13 per share, with a total value of $28,260.00. Following the completion of the acquisition, the chief financial officer owned 2,000 shares of the company’s stock, valued at $28,260. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Guy Shechter bought 3,450 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average price of $14.34 per share, with a total value of $49,473.00. Following the completion of the purchase, the chief executive officer owned 53,450 shares in the company, valued at approximately $766,473. This trade represents a 6.90% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 26.90% of the company’s stock.

Institutional Trading of Amtech Systems

Several institutional investors have recently bought and sold shares of ASYS. WINTON GROUP Ltd acquired a new stake in Amtech Systems in the 2nd quarter valued at $654,000. Engineers Gate Manager LP raised its holdings in shares of Amtech Systems by 2.6% during the second quarter. Engineers Gate Manager LP now owns 38,552 shares of the semiconductor company’s stock valued at $890,000 after acquiring an additional 972 shares during the last quarter. AWM Investment Company Inc. acquired a new position in shares of Amtech Systems during the second quarter valued at approximately $15,925,000. Bank of New York Mellon Corp acquired a new position in shares of Amtech Systems during the second quarter valued at approximately $959,000. Finally, NewEdge Advisors LLC lifted its position in shares of 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 in the last quarter. 50.21% of the stock is owned by institutional investors and hedge funds.

Amtech Systems Company Profile

Amtech Systems, Inc develops and manufactures equipment and related products used in semiconductor, silicon carbide, solar, and other advanced-materials manufacturing. Its offerings support processes such as thermal processing, wafer handling, polishing, lapping, and chemical-mechanical planarization.

Through its operating businesses, including BTU International, Entrepix, and P.R. Hoffman, Amtech provides thermal-processing systems, wafer-polishing and planarization equipment, precision lapping systems, consumables, replacement parts, and technical services.