Amtech Systems (NASDAQ:ASYS) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Amtech Systems (NASDAQ:ASYS) from a hold rating to a strong sell rating in a research report report published on Monday,Zacks.com reports.

ASYS has been the topic of several other research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Amtech Systems in a report on Wednesday, January 21st. Wall Street Zen lowered shares of Amtech Systems from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Benchmark reaffirmed a “hold” rating on shares of Amtech Systems in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Amtech Systems Price Performance

Shares of NASDAQ:ASYS opened at $13.75 on Monday. The stock’s 50-day moving average is $13.95 and its 200 day moving average is $10.55. The company has a market cap of $198.14 million, a PE ratio of -6.43 and a beta of 1.67. Amtech Systems has a 1 year low of $3.20 and a 1 year high of $18.59.

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

Institutional Investors Weigh In On Amtech Systems

Several hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in Amtech Systems by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 133,001 shares of the semiconductor company’s stock worth $1,670,000 after purchasing an additional 1,720 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Amtech Systems by 15.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 30,760 shares of the semiconductor company’s stock valued at $386,000 after buying an additional 4,060 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Amtech Systems during the 4th quarter valued at $88,000. State Street Corp grew its position in shares of Amtech Systems by 14.6% in the 4th quarter. State Street Corp now owns 62,790 shares of the semiconductor company’s stock worth $788,000 after buying an additional 8,000 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Amtech Systems by 90.4% in the 4th quarter. Millennium Management LLC now owns 22,748 shares of the semiconductor company’s stock worth $285,000 after acquiring an additional 10,802 shares in the last quarter. 50.21% of the stock is currently owned by institutional investors.

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.