Amtech Systems (ASYS) Stock Rating Lowered by ValuEngine

Amtech Systems (NASDAQ:ASYS) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report released on Saturday.

Separately, Zacks Investment Research upgraded Amtech Systems from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $14.88.

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Shares of NASDAQ:ASYS opened at $7.31 on Friday. Amtech Systems has a 12-month low of $5.17 and a 12-month high of $15.45. The company has a market cap of $108.88, a PE ratio of 10.75 and a beta of 2.04. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.35 and a quick ratio of 1.96.

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

In related news, Director Robert F. King sold 17,699 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $11.25, for a total value of $199,113.75. Following the completion of the sale, the director now directly owns 10,200 shares in the company, valued at $114,750. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 34.60% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Millennium Management LLC boosted its stake in shares of Amtech Systems by 239.8% in the fourth quarter. Millennium Management LLC now owns 489,431 shares of the semiconductor company’s stock valued at $4,929,000 after buying an additional 345,383 shares during the period. Two Sigma Investments LP bought a new stake in shares of Amtech Systems in the fourth quarter valued at approximately $691,000. Two Sigma Advisers LP bought a new stake in shares of Amtech Systems in the fourth quarter valued at approximately $284,000. Goldman Sachs Group Inc. bought a new stake in shares of Amtech Systems in the fourth quarter valued at approximately $681,000. Finally, Deutsche Bank AG boosted its stake in shares of Amtech Systems by 32.0% in the fourth quarter. Deutsche Bank AG now owns 108,452 shares of the semiconductor company’s stock valued at $1,092,000 after buying an additional 26,278 shares during the period. Institutional investors and hedge funds own 63.74% of the company’s stock.

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About Amtech Systems

Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating solar cells, LED, and semiconductor devices in the United States, Asia, Europe, and internationally. It operates through Solar, Semiconductor, and Polishing segments. The Solar segment supplies thermal processing systems, including diffusion, plasma-enhanced chemical vapor deposition, and atomic layer deposition systems; and automation equipment comprising mass wafer transfer systems, sorters, long-boat transfer systems, load station elevators, buffers, and conveyers, as well as related parts and services.

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

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