Amtech Systems (NASDAQ:ASYS) Announces Quarterly Earnings Results

Amtech Systems (NASDAQ:ASYSGet Rating) posted its quarterly earnings data on Wednesday. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06, MarketWatch Earnings reports. Amtech Systems had a return on equity of 2.12% and a net margin of 1.89%. During the same quarter in the prior year, the firm posted ($0.02) EPS. Amtech Systems updated its Q3 2022 guidance to EPS.

Shares of NASDAQ ASYS traded down $0.44 during trading on Friday, reaching $7.25. The stock had a trading volume of 180,084 shares, compared to its average volume of 35,382. Amtech Systems has a one year low of $6.99 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 stock has a market cap of $101.72 million, a PE ratio of 25.00 and a beta of 1.40. The firm’s 50 day moving average price is $9.73 and its two-hundred day moving average price is $10.15.

Several research firms have issued reports on ASYS. StockNews.com began coverage on Amtech Systems in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research upgraded Amtech Systems from a “sell” rating to a “hold” rating in a report on Thursday, March 3rd. Finally, Cowen dropped their price objective on Amtech Systems from $17.00 to $16.00 in a report on Tuesday, February 15th.

In other news, Director Robert M. Averick purchased 5,000 shares of the stock in a transaction dated Tuesday, February 22nd. The stock was acquired at an average cost of $9.80 per share, for a total transaction of $49,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 20.80% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in ASYS. Morgan Stanley boosted its position in Amtech Systems by 45.3% during the 3rd 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. Renaissance Technologies LLC boosted its position in Amtech Systems by 81.4% during the 4th 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. BlackRock Inc. boosted its position in Amtech Systems by 1.9% during the 4th 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. Bank of New York Mellon Corp boosted its position in Amtech Systems by 5.1% during the 1st quarter. Bank of New York Mellon Corp now owns 31,387 shares of the semiconductor company’s stock valued at $316,000 after purchasing an additional 1,537 shares during the period. Finally, Bank of Montreal Can acquired a new position in Amtech Systems during the 1st quarter valued at approximately $773,000. Institutional investors and hedge funds own 86.96% of the company’s stock.

Amtech Systems Company Profile (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.

Further Reading

Earnings History for Amtech Systems (NASDAQ:ASYS)

Receive News & Ratings for Amtech Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amtech Systems and related companies with MarketBeat.com's FREE daily email newsletter.