Amtech Systems (ASYS) Scheduled to Post Quarterly Earnings on Wednesday

Amtech Systems (NASDAQ:ASYS – Get Rating) will announce its earnings results after the market closes on Wednesday, May 11th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Amtech Systems has set its Q2 2022 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Amtech Systems (NASDAQ:ASYS – Get Rating) last issued its quarterly earnings results on Monday, February 14th. The semiconductor company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. Amtech Systems had a net margin of 1.89% and a return on equity of 2.12%. The firm had revenue of $27.33 million during the quarter, compared to analyst estimates of $22.00 million. During the same quarter in the prior year, the business posted $0.05 earnings per share. On average, analysts expect Amtech Systems to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of ASYS stock opened at $9.13 on Wednesday. Amtech Systems has a one year low of $7.81 and a one year high of $15.78. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.00 and a current ratio of 4.19. The company has a 50 day moving average price of $9.99 and a 200 day moving average price of $10.31. The firm has a market capitalization of $128.09 million, a price-to-earnings ratio of 70.23 and a beta of 1.40.

Several equities analysts recently commented on ASYS shares. Cowen dropped their price target on shares of Amtech Systems from $17.00 to $16.00 in a research report on Tuesday, February 15th. StockNews.com assumed coverage on shares of Amtech Systems in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Zacks Investment Research upgraded shares of Amtech Systems from a “sell” rating to a “hold” rating in a research note on Thursday, March 3rd.

In other Amtech Systems news, Director Robert M. Averick acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, February 22nd. The stock was bought at an average cost of $9.80 per share, for a total transaction of $49,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.80% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASYS. Morgan Stanley boosted its stake in shares of Amtech Systems by 45.3% in the third quarter. Morgan Stanley now owns 2,741 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 854 shares during the period. BlackRock Inc. boosted its stake in shares of Amtech Systems by 1.9% in the fourth quarter. BlackRock Inc. now owns 145,161 shares of the semiconductor company’s stock valued at $1,434,000 after purchasing an additional 2,735 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Amtech Systems by 81.4% in the fourth quarter. Renaissance Technologies LLC now owns 150,557 shares of the semiconductor company’s stock valued at $1,488,000 after purchasing an additional 67,564 shares during the period. Institutional investors own 86.96% of the company’s stock.

About Amtech Systems (Get Rating)

Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs) worldwide. The company operates in Semiconductor and Material and Substrate segments.

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