Amtech Systems, Inc. (NASDAQ:ASYS) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $5.74 and last traded at $5.76, with a volume of 12309 shares traded. The stock had previously closed at $6.04.
Several research firms have issued reports on ASYS. ValuEngine cut Amtech Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 7th. Zacks Investment Research raised Amtech Systems from a “sell” rating to a “hold” rating in a research note on Monday, April 16th. Finally, Roth Capital cut Amtech Systems from a “buy” rating to a “hold” rating and cut their target price for the stock from $15.00 to $9.00 in a research note on Monday, June 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $12.50.
The company has a debt-to-equity ratio of 0.08, a current ratio of 2.42 and a quick ratio of 1.90. The company has a market capitalization of $85.95 million, a PE ratio of 4.21 and a beta of 2.22.
Amtech Systems (NASDAQ:ASYS) last posted its earnings results on Thursday, May 10th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.27. Amtech Systems had a return on equity of 22.08% and a net margin of 9.52%. The company had revenue of $32.78 million during the quarter, compared to analysts’ expectations of $27.80 million. During the same quarter last year, the firm earned ($0.11) earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. research analysts anticipate that Amtech Systems, Inc. will post 0.4 earnings per share for the current fiscal year.
In other news, insider Fokko Pentinga sold 16,830 shares of Amtech Systems stock in a transaction on Friday, June 1st. The stock was sold at an average price of $9.92, for a total value of $166,953.60. Following the completion of the sale, the insider now directly owns 31,830 shares of the company’s stock, valued at $315,753.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Michael Whang sold 5,000 shares of Amtech Systems stock in a transaction on Friday, June 1st. The shares were sold at an average price of $10.01, for a total value of $50,050.00. The disclosure for this sale can be found here. Insiders own 20.60% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of ASYS. Millennium Management LLC grew its stake in Amtech Systems by 239.8% during the 4th 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 in the last quarter. Renaissance Technologies LLC grew its stake in Amtech Systems by 47.1% during the 4th 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 in the last quarter. Dimensional Fund Advisors LP grew its stake in Amtech Systems by 22.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 858,981 shares of the semiconductor company’s stock worth $6,288,000 after purchasing an additional 158,521 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Amtech Systems during the 1st quarter worth $840,000. Finally, Ancora Advisors LLC acquired a new position in Amtech Systems during the 1st quarter worth $670,000. 66.48% of the stock is owned by institutional investors and hedge funds.
Amtech Systems Company Profile
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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