Amtech Systems (ASYS) Downgraded by ValuEngine to Buy

Amtech Systems (NASDAQ:ASYS) was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Amtech Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Benchmark reissued a “buy” rating and issued a $18.00 price target (up from $12.00) on shares of Amtech Systems in a research note on Tuesday, November 21st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Amtech Systems currently has an average rating of “Buy” and a consensus target price of $14.88.

Amtech Systems (ASYS) opened at $7.60 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.96 and a debt-to-equity ratio of 0.08. The stock has a market cap of $113.20, a price-to-earnings ratio of 7.04 and a beta of 1.76. Amtech Systems has a twelve month low of $5.16 and a twelve month high of $15.45.

Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.19. The business had revenue of $73.60 million for the quarter, compared to the consensus estimate of $61.79 million. Amtech Systems had a net margin of 7.48% and a return on equity of 19.49%. The firm’s revenue was up 152.9% on a year-over-year basis. equities research analysts predict that Amtech Systems will post 0.5 EPS for the current year.

In other Amtech Systems news, Director Michael Garnreiter sold 5,000 shares of Amtech Systems stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $10.00, for a total transaction of $50,000.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $50,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert F. King sold 17,699 shares of Amtech Systems stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $11.25, for a total transaction of $199,113.75. Following the transaction, the director now directly owns 10,200 shares in the company, valued at $114,750. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,299 shares of company stock worth $482,358. Insiders own 34.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in Amtech Systems by 18.5% during the third quarter. Dimensional Fund Advisors LP now owns 553,201 shares of the semiconductor company’s stock worth $6,627,000 after purchasing an additional 86,518 shares during the period. Renaissance Technologies LLC raised its stake in Amtech Systems by 47.1% during the fourth quarter. Renaissance Technologies LLC now owns 546,932 shares of the semiconductor company’s stock worth $5,508,000 after purchasing an additional 175,009 shares during the period. Pacific Ridge Capital Partners LLC raised its stake in Amtech Systems by 36.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 514,904 shares of the semiconductor company’s stock worth $5,185,000 after purchasing an additional 136,690 shares during the period. Millennium Management LLC raised its stake in Amtech Systems by 239.8% during the fourth quarter. Millennium Management LLC now owns 489,431 shares of the semiconductor company’s stock worth $4,929,000 after purchasing an additional 345,383 shares during the period. Finally, Alambic Investment Management L.P. raised its stake in Amtech Systems by 328.1% during the fourth quarter. Alambic Investment Management L.P. now owns 245,304 shares of the semiconductor company’s stock worth $2,470,000 after purchasing an additional 188,008 shares during the period. 64.10% of the stock is currently owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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