Amtech Systems (NASDAQ:ASYS) Cut to Buy at Wall Street Zen

Amtech Systems (NASDAQ:ASYS) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Sunday.

A number of other brokerages have also issued reports on ASYS. Benchmark reiterated a “hold” rating on shares of Amtech Systems in a research report on Tuesday, December 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Amtech Systems in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Amtech Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Amtech Systems Stock Performance

Shares of ASYS stock opened at $13.92 on Friday. Amtech Systems has a 1 year low of $3.20 and a 1 year high of $13.97. The stock has a fifty day moving average of $9.86 and a two-hundred day moving average of $7.76. The firm has a market capitalization of $199.85 million, a PE ratio of -6.54 and a beta of 1.65.

Institutional Investors Weigh In On Amtech Systems

Several hedge funds have recently modified their holdings of ASYS. Williams & Novak LLC boosted its stake in shares of Amtech Systems by 24.8% during the 2nd quarter. Williams & Novak LLC now owns 18,385 shares of the semiconductor company’s stock valued at $82,000 after buying an additional 3,650 shares during the period. Millennium Management LLC purchased a new position in Amtech Systems in the third quarter valued at about $111,000. Thompson Davis & CO. Inc. acquired a new position in Amtech Systems in the 3rd quarter worth about $123,000. NewEdge Advisors LLC purchased a new stake in shares of Amtech Systems during the 3rd quarter worth about $135,000. Finally, James Investment Research Inc. acquired a new stake in shares of Amtech Systems during the 3rd quarter valued at about $135,000. 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.