Amtech Systems (NASDAQ:ASYS) Upgraded at Zacks Research

Zacks Research upgraded shares of Amtech Systems (NASDAQ:ASYS) from a strong sell rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Amtech Systems in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of Amtech Systems from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Amtech Systems currently has a consensus rating of “Reduce”.

Amtech Systems Price Performance

Shares of ASYS stock opened at $13.96 on Tuesday. Amtech Systems has a 1 year low of $3.20 and a 1 year high of $18.59. The stock’s 50 day simple moving average is $12.68 and its two-hundred day simple moving average is $11.18. The company has a market cap of $201.16 million, a PE ratio of -6.52 and a beta of 1.64.

Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). Amtech Systems had a negative net margin of 41.28% and a negative return on equity of 1.53%. The company had revenue of $18.97 million for the quarter, compared to analysts’ expectations of $19.25 million. Equities research analysts expect that Amtech Systems will post 0.05 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ASYS. Kestra Advisory Services LLC purchased a new position in Amtech Systems during the fourth quarter worth $88,000. XTX Topco Ltd purchased a new position in Amtech Systems during the second quarter worth $105,000. Millennium Management LLC purchased a new stake in shares of Amtech Systems during the third quarter valued at $111,000. Thompson Davis & CO. Inc. purchased a new stake in shares of Amtech Systems during the third quarter valued at $123,000. Finally, James Investment Research Inc. purchased a new stake in shares of Amtech Systems during the third quarter valued at $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.