Amtech Systems (ASYS) – Analysts’ Weekly Ratings Updates

A number of research firms have changed their ratings and price targets for Amtech Systems (NASDAQ: ASYS):

  • 11/1/2018 – Amtech Systems was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “AMTECH SYSTEMS, INC. is engaged in the manufacture of several items of capital equipment, one of which is patented, used by customers in the manufacture of semiconductors. Co. has recently obtained a U.S. patent on technology on which it expects to base a proposed new photo chemical vapor deposition (CVD) product for use in semiconductor manufacturing facilities. The Company has engaged the University of California, Santa Cruz, to conduct a study to determine the feasibility of such a product. “
  • 10/30/2018 – Amtech Systems was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $4.75 price target on the stock. According to Zacks, “AMTECH SYSTEMS, INC. is engaged in the manufacture of several items of capital equipment, one of which is patented, used by customers in the manufacture of semiconductors. Co. has recently obtained a U.S. patent on technology on which it expects to base a proposed new photo chemical vapor deposition (CVD) product for use in semiconductor manufacturing facilities. The Company has engaged the University of California, Santa Cruz, to conduct a study to determine the feasibility of such a product. “
  • 10/25/2018 – Amtech Systems was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “AMTECH SYSTEMS, INC. is engaged in the manufacture of several items of capital equipment, one of which is patented, used by customers in the manufacture of semiconductors. Co. has recently obtained a U.S. patent on technology on which it expects to base a proposed new photo chemical vapor deposition (CVD) product for use in semiconductor manufacturing facilities. The Company has engaged the University of California, Santa Cruz, to conduct a study to determine the feasibility of such a product. “
  • 10/17/2018 – Amtech Systems was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “AMTECH SYSTEMS, INC. is engaged in the manufacture of several items of capital equipment, one of which is patented, used by customers in the manufacture of semiconductors. Co. has recently obtained a U.S. patent on technology on which it expects to base a proposed new photo chemical vapor deposition (CVD) product for use in semiconductor manufacturing facilities. The Company has engaged the University of California, Santa Cruz, to conduct a study to determine the feasibility of such a product. “
  • 10/16/2018 – Amtech Systems was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $5.50 price target on the stock. According to Zacks, “AMTECH SYSTEMS, INC. is engaged in the manufacture of several items of capital equipment, one of which is patented, used by customers in the manufacture of semiconductors. Co. has recently obtained a U.S. patent on technology on which it expects to base a proposed new photo chemical vapor deposition (CVD) product for use in semiconductor manufacturing facilities. The Company has engaged the University of California, Santa Cruz, to conduct a study to determine the feasibility of such a product. “
  • 9/7/2018 – Amtech Systems was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.

Shares of NASDAQ:ASYS opened at $5.00 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.93 and a quick ratio of 2.42. The stock has a market cap of $74.94 million, a P/E ratio of 7.35 and a beta of 1.99. Amtech Systems, Inc. has a 12-month low of $4.25 and a 12-month high of $15.10.

Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings data on Thursday, August 9th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.28. The firm had revenue of $41.20 million during the quarter, compared to the consensus estimate of $35.19 million. Amtech Systems had a return on equity of 19.36% and a net margin of 10.67%. The company’s quarterly revenue was down 13.7% on a year-over-year basis. During the same period last year, the company earned $0.25 EPS. On average, sell-side analysts forecast that Amtech Systems, Inc. will post 0.74 EPS for the current year.

Large investors have recently modified their holdings of the stock. Royce & Associates LP grew its position in Amtech Systems by 35.1% in the 2nd quarter. Royce & Associates LP now owns 1,127,922 shares of the semiconductor company’s stock valued at $6,824,000 after acquiring an additional 292,876 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Amtech Systems by 26.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,086,467 shares of the semiconductor company’s stock valued at $6,574,000 after acquiring an additional 227,486 shares in the last quarter. BlackRock Inc. grew its position in Amtech Systems by 186.0% in the 2nd quarter. BlackRock Inc. now owns 153,457 shares of the semiconductor company’s stock valued at $929,000 after acquiring an additional 99,807 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Amtech Systems in the 1st quarter valued at about $840,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Amtech Systems by 37.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 109,320 shares of the semiconductor company’s stock valued at $661,000 after acquiring an additional 29,705 shares in the last quarter. 57.47% of the stock is owned by hedge funds and other institutional investors.

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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