TheStreet upgraded shares of Amtech Systems (NASDAQ:ASYS) from a d+ rating to a c- rating in a research report released on Thursday, TheStreetRatingsTable reports.
ASYS has been the subject of several other research reports. ValuEngine lowered shares of Amtech Systems from a hold rating to a sell rating in a report on Monday, October 7th. Zacks Investment Research lowered shares of Amtech Systems from a buy rating to a hold rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Amtech Systems currently has a consensus rating of Hold and a consensus target price of $6.17.
NASDAQ:ASYS traded down $0.26 during trading hours on Thursday, reaching $5.22. The company’s stock had a trading volume of 70,900 shares, compared to its average volume of 55,212. The company has a market cap of $82.75 million, a price-to-earnings ratio of 9.16 and a beta of 2.23. The business’s 50-day moving average is $5.41 and its 200-day moving average is $5.66. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.34 and a quick ratio of 2.76. Amtech Systems has a one year low of $4.03 and a one year high of $7.18.
Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.05. The company had revenue of $21.00 million during the quarter, compared to analyst estimates of $19.69 million. Amtech Systems had a negative net margin of 14.93% and a negative return on equity of 3.60%. The company’s revenue was down 26.9% on a year-over-year basis. During the same quarter last year, the business posted $0.33 earnings per share. On average, sell-side analysts predict that Amtech Systems will post 0.16 EPS for the current fiscal year.
In other news, Director Robert M. Averick acquired 20,000 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was bought at an average price of $5.27 per share, with a total value of $105,400.00. Following the completion of the acquisition, the director now owns 150,659 shares in the company, valued at approximately $793,972.93. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 22.00% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bailard Inc. bought a new stake in shares of Amtech Systems during the second quarter valued at approximately $149,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Amtech Systems during the second quarter valued at approximately $85,000. BlackRock Inc. grew its stake in shares of Amtech Systems by 8.0% during the second quarter. BlackRock Inc. now owns 136,648 shares of the semiconductor company’s stock valued at $752,000 after purchasing an additional 10,122 shares during the last quarter. OLD Second National Bank of Aurora grew its stake in shares of Amtech Systems by 107.4% during the second quarter. OLD Second National Bank of Aurora now owns 7,313 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 3,787 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC grew its stake in shares of Amtech Systems by 2.0% during the second quarter. Pacific Ridge Capital Partners LLC now owns 729,514 shares of the semiconductor company’s stock valued at $4,012,000 after purchasing an additional 14,366 shares during the last quarter. 56.56% of the stock is currently 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, light-emitting diodes (LEDs), and semiconductor devices in the United States, Europe, China, Malaysia, Taiwan, Germany, the Netherlands, France, and internationally. The company operates through three segments: Solar, Semiconductor, and Polishing.
Featured Article: What is the Beige Book?
Receive News & Ratings for Amtech Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amtech Systems and related companies with MarketBeat.com's FREE daily email newsletter.