Amtech Systems (NASDAQ:ASYS) Raised to Strong-Buy at Wall Street Zen

Amtech Systems (NASDAQ:ASYS) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

ASYS has been the topic of several other research reports. Benchmark restated a “hold” rating on shares of Amtech Systems in a research note on Tuesday, December 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Amtech Systems in a research report on Wednesday. Finally, Zacks Research upgraded Amtech Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Amtech Systems Trading Down 0.4%

NASDAQ:ASYS opened at $16.47 on Friday. The firm has a market capitalization of $236.51 million, a PE ratio of -7.73 and a beta of 1.65. The stock has a 50 day moving average of $11.41 and a 200-day moving average of $8.50. Amtech Systems has a 52 week low of $3.20 and a 52 week high of $17.44.

Institutional Investors Weigh In On Amtech Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Williams & Novak LLC grew its position 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 worth $82,000 after buying an additional 3,650 shares during the period. Millennium Management LLC bought a new position in Amtech Systems during the 3rd quarter worth approximately $111,000. Thompson Davis & CO. Inc. acquired a new position in Amtech Systems during the third quarter valued at approximately $123,000. James Investment Research Inc. bought a new stake in Amtech Systems in the third quarter valued at approximately $135,000. Finally, NewEdge Advisors LLC acquired a new stake in Amtech Systems in the third quarter worth $135,000. Institutional investors and hedge funds own 50.21% of the company’s stock.

About Amtech Systems

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.