Amtech Systems (NASDAQ:ASYS) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of Amtech Systems (NASDAQ:ASYS) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.

Amtech Systems Trading Up 0.9%

Shares of Amtech Systems stock opened at $3.52 on Wednesday. The company has a market capitalization of $50.39 million, a P/E ratio of 44.01 and a beta of 1.53. The stock has a fifty day simple moving average of $4.13 and a 200 day simple moving average of $4.98. Amtech Systems has a 12-month low of $3.20 and a 12-month high of $6.96.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in Amtech Systems by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 931,198 shares of the semiconductor company’s stock valued at $5,075,000 after buying an additional 7,068 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Amtech Systems by 6.6% in the fourth quarter. First Eagle Investment Management LLC now owns 834,922 shares of the semiconductor company’s stock valued at $4,550,000 after acquiring an additional 51,555 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Amtech Systems by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 132,756 shares of the semiconductor company’s stock valued at $724,000 after acquiring an additional 4,689 shares during the last quarter. AMH Equity Ltd lifted its holdings in Amtech Systems by 137.0% during the first quarter. AMH Equity Ltd now owns 97,583 shares of the semiconductor company’s stock worth $471,000 after acquiring an additional 56,408 shares during the period. Finally, Kovack Advisors Inc. lifted its holdings in Amtech Systems by 15.1% during the first quarter. Kovack Advisors Inc. now owns 75,400 shares of the semiconductor company’s stock worth $364,000 after acquiring an additional 9,900 shares during the period. 50.21% of the stock is owned by institutional investors.

About Amtech Systems

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 through Semiconductor and Material and Substrate segments.