Amtech Systems (NASDAQ:ASYS) Lifted to “Hold” at StockNews.com

Amtech Systems (NASDAQ:ASYSGet Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.

ASYS has been the subject of several other reports. Benchmark reissued a “hold” rating on shares of Amtech Systems in a research note on Thursday, December 14th. TheStreet cut shares of Amtech Systems from a “c” rating to a “d” rating in a research report on Friday, December 15th.

View Our Latest Analysis on ASYS

Amtech Systems Stock Up 25.6 %

Shares of NASDAQ ASYS traded up $0.88 during trading on Monday, hitting $4.32. The company had a trading volume of 445,843 shares, compared to its average volume of 112,207. The firm has a market capitalization of $61.30 million, a price-to-earnings ratio of -3.20 and a beta of 1.42. The stock has a fifty day simple moving average of $4.52 and a two-hundred day simple moving average of $6.88. Amtech Systems has a fifty-two week low of $3.37 and a fifty-two week high of $11.98.

Amtech Systems (NASDAQ:ASYSGet Free Report) last posted its quarterly earnings data on Thursday, December 14th. The semiconductor company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.32). Amtech Systems had a negative return on equity of 1.10% and a negative net margin of 16.45%. The firm had revenue of $27.71 million during the quarter, compared to analyst estimates of $35.00 million. On average, analysts anticipate that Amtech Systems will post 0.2 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Robert M. Averick purchased 14,000 shares of the stock in a transaction dated Monday, December 18th. The shares were purchased at an average price of $3.90 per share, with a total value of $54,600.00. Following the transaction, the director now owns 393,500 shares in the company, valued at approximately $1,534,650. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 20.90% of the stock is currently owned by company insiders.

Institutional Trading of Amtech Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in ASYS. Tower Research Capital LLC TRC lifted its position in Amtech Systems by 585.3% in the third quarter. Tower Research Capital LLC TRC now owns 3,687 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 3,149 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Amtech Systems in the 4th quarter valued at approximately $39,000. Barclays PLC purchased a new position in shares of Amtech Systems during the 3rd quarter worth approximately $48,000. Firsthand Capital Management Inc. acquired a new stake in Amtech Systems in the 2nd quarter valued at approximately $63,000. Finally, Keebeck Wealth Management LLC purchased a new stake in Amtech Systems in the second quarter valued at approximately $96,000. Institutional investors and hedge funds own 46.70% of the company’s stock.

Amtech Systems Company Profile

(Get Free Report)

Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs) worldwide. The company operates through Semiconductor and Material and Substrate segments.

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