Shares of Amtech Systems, Inc. (NASDAQ:ASYS) have been assigned a consensus rating of “Buy” from the six research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $14.50.
Several research firms recently weighed in on ASYS. ValuEngine upgraded Amtech Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday. Zacks Investment Research upgraded Amtech Systems from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Finally, Benchmark restated a “buy” rating and set a $18.00 price target (up from $12.00) on shares of Amtech Systems in a research report on Tuesday, November 21st.
In other Amtech Systems news, Director Robert F. King sold 17,699 shares of Amtech Systems stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $11.25, for a total transaction of $199,113.75. Following the completion of the transaction, the director now owns 10,200 shares in the company, valued at $114,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul J. Van Der Wansem sold 50,662 shares of Amtech Systems stock in a transaction on Friday, November 24th. The shares were sold at an average price of $13.04, for a total value of $660,632.48. Following the transaction, the director now owns 330,199 shares of the company’s stock, valued at approximately $4,305,794.96. The disclosure for this sale can be found here. Insiders have sold 161,991 shares of company stock valued at $2,056,181 in the last quarter. 34.60% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in ASYS. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Amtech Systems during the third quarter valued at $102,000. JPMorgan Chase & Co. raised its stake in Amtech Systems by 1,331.9% during the third quarter. JPMorgan Chase & Co. now owns 8,878 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 8,258 shares during the last quarter. Nationwide Fund Advisors raised its stake in Amtech Systems by 427.8% during the third quarter. Nationwide Fund Advisors now owns 9,500 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 7,700 shares during the last quarter. Virtu KCG Holdings LLC raised its stake in shares of Amtech Systems by 14.6% in the second quarter. Virtu KCG Holdings LLC now owns 14,268 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 1,813 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Amtech Systems in the third quarter worth $148,000. Institutional investors and hedge funds own 59.36% of the company’s stock.
Amtech Systems (NASDAQ ASYS) traded down $0.46 during midday trading on Thursday, hitting $9.53. The company had a trading volume of 267,408 shares, compared to its average volume of 210,704. The company has a quick ratio of 1.48, a current ratio of 1.83 and a debt-to-equity ratio of 0.09. Amtech Systems has a one year low of $5.16 and a one year high of $15.45. The company has a market capitalization of $141.94, a price-to-earnings ratio of 14.66 and a beta of 1.76.
Amtech Systems (NASDAQ:ASYS) last released its quarterly earnings results on Monday, November 20th. The semiconductor company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.45. Amtech Systems had a return on equity of 12.76% and a net margin of 5.55%. The company had revenue of $54.68 million for the quarter, compared to analyst estimates of $46.30 million. research analysts predict that Amtech Systems will post 0.45 EPS for the current year.
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Amtech Systems Company Profile
Amtech Systems, Inc is engaged in the manufacture of capital equipment, including thermal processing, silicon wafer handling automation and related consumables used in fabricating solar cells, Light Emitting Diode (LED) and semiconductor devices. The Company operates through three business segments: solar, semiconductor and polishing.
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