Amtech Systems (NASDAQ:ASYS) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Amtech Systems, Inc. (NASDAQ:ASYS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Wall Street Analyst Weigh In

ASYS has been the topic of a number of recent research reports. Zacks Research raised Amtech Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. Roth Capital reiterated 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 downgraded shares of Amtech Systems from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 23rd. Finally, Wall Street Zen upgraded shares of Amtech Systems from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Amtech Systems has an average rating of “Moderate Buy” and a consensus target price of $22.00.

Amtech Systems Price Performance

The stock has a market cap of $260.19 million, a P/E ratio of 105.12 and a beta of 1.98. The firm’s fifty day moving average price is $20.47 and its two-hundred day moving average price is $16.05.

Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. Amtech Systems had a return on equity of 5.58% and a net margin of 3.11%.The company had revenue of $20.47 million during the quarter, compared to analyst estimates of $19.50 million. On average, research analysts expect that Amtech Systems, Inc. will post 0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Amtech Systems

A number of institutional investors and hedge funds have recently bought and sold shares of ASYS. NewEdge Advisors LLC grew its stake in Amtech Systems by 84.2% in the 1st quarter. NewEdge Advisors LLC now owns 26,891 shares of the semiconductor company’s stock worth $314,000 after buying an additional 12,291 shares in the last quarter. Bank of America Corp DE raised its position in shares of Amtech Systems by 28,941.0% during the 1st quarter. Bank of America Corp DE now owns 22,652 shares of the semiconductor company’s stock valued at $265,000 after buying an additional 22,574 shares in the last quarter. Empowered Funds LLC raised its position in shares of Amtech Systems by 9.5% during the 1st quarter. Empowered Funds LLC now owns 32,318 shares of the semiconductor company’s stock valued at $377,000 after buying an additional 2,800 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Amtech Systems by 5.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 365,387 shares of the semiconductor company’s stock worth $4,268,000 after acquiring an additional 18,354 shares during the last quarter. Finally, Sei Investments Co. grew its position in Amtech Systems by 104.5% in the first quarter. Sei Investments Co. now owns 92,515 shares of the semiconductor company’s stock worth $1,081,000 after acquiring an additional 47,282 shares in the last quarter. 50.21% of the stock is owned by hedge funds and other institutional investors.

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.