ValuEngine Lowers Amtech Systems (ASYS) to Strong Sell

ValuEngine cut shares of Amtech Systems (NASDAQ:ASYS) from a sell rating to a strong sell rating in a research note released on Tuesday.

Several other research firms also recently commented on ASYS. Roth Capital downgraded shares of Amtech Systems from a buy rating to a hold rating and dropped their price objective for the company from $15.00 to $9.00 in a report on Monday, June 4th. Zacks Investment Research raised shares of Amtech Systems from a hold rating to a strong-buy rating and set a $9.50 price objective on the stock in a report on Monday, May 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $12.50.

Shares of Amtech Systems opened at $7.14 on Tuesday, Marketbeat.com reports. The company has a current ratio of 2.42, a quick ratio of 1.90 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $114.40 million, a P/E ratio of 10.50 and a beta of 2.06. Amtech Systems has a fifty-two week low of $6.76 and a fifty-two week high of $15.45.

Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings results on Thursday, May 10th. The semiconductor company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.27. The company had revenue of $32.78 million for the quarter, compared to the consensus estimate of $27.80 million. Amtech Systems had a net margin of 9.52% and a return on equity of 22.08%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.11) EPS. analysts expect that Amtech Systems will post 0.56 EPS for the current year.

In other Amtech Systems news, insider Fokko Pentinga sold 16,830 shares of the company’s stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $9.92, for a total transaction of $166,953.60. Following the sale, the insider now directly owns 31,830 shares of the company’s stock, valued at $315,753.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Michael Whang sold 5,000 shares of the company’s stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $10.01, for a total transaction of $50,050.00. The disclosure for this sale can be found here. 20.60% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Amtech Systems by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 103,518 shares of the semiconductor company’s stock valued at $1,042,000 after buying an additional 8,713 shares during the period. A.R.T. Advisors LLC increased its position in shares of Amtech Systems by 45.4% during the first quarter. A.R.T. Advisors LLC now owns 28,968 shares of the semiconductor company’s stock valued at $212,000 after buying an additional 9,050 shares during the period. Wells Fargo & Company MN bought a new stake in shares of Amtech Systems during the fourth quarter valued at about $105,000. Monashee Investment Management LLC bought a new stake in shares of Amtech Systems during the fourth quarter valued at about $115,000. Finally, Systematic Financial Management LP increased its position in shares of Amtech Systems by 12.4% during the first quarter. Systematic Financial Management LP now owns 153,955 shares of the semiconductor company’s stock valued at $1,127,000 after buying an additional 17,015 shares during the period. Hedge funds and other institutional investors own 66.48% of the company’s stock.

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.

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