Amtech Systems (ASYS) Downgraded by ValuEngine
ValuEngine lowered shares of Amtech Systems (NASDAQ:ASYS) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday.
ASYS has been the topic of a number of other research reports. Zacks Investment Research upgraded Amtech Systems from a hold rating to a buy rating and set a $16.00 target price on the stock in a report on Tuesday, October 24th. Roth Capital began coverage on Amtech Systems in a report on Friday, August 4th. They issued a buy rating and a $12.00 target price on the stock. Cowen reiterated an outperform rating and issued a $13.50 target price (up previously from $10.50) on shares of Amtech Systems in a report on Thursday, August 10th. Finally, Benchmark restated a buy rating and set a $18.00 price objective (up previously from $12.00) on shares of Amtech Systems in a research note on Tuesday, November 21st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $14.88.
Shares of Amtech Systems (NASDAQ:ASYS) traded up $0.05 during trading on Thursday, reaching $9.93. The company had a trading volume of 562,448 shares, compared to its average volume of 357,327. Amtech Systems has a 52-week low of $3.99 and a 52-week high of $15.45. The firm has a market capitalization of $146.28, a PE ratio of 15.28 and a beta of 2.00. The company has a quick ratio of 1.48, a current ratio of 1.83 and a debt-to-equity ratio of 0.09.
In other Amtech Systems news, Director Paul J. Van Der Wansem sold 50,662 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $13.04, for a total transaction of $660,632.48. Following the transaction, the director now owns 330,199 shares in the company, valued at $4,305,794.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jong S. Whang sold 18,600 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $12.54, for a total value of $233,244.00. Following the transaction, the insider now owns 53,066 shares in the company, valued at approximately $665,447.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 139,292 shares of company stock worth $1,807,068. 34.60% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Amtech Systems during the third quarter worth about $102,000. JPMorgan Chase & Co. lifted its stake in shares of Amtech Systems by 1,331.9% during the third quarter. JPMorgan Chase & Co. now owns 8,878 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 8,258 shares in the last quarter. Nationwide Fund Advisors lifted its stake in shares of Amtech Systems by 427.8% during the third quarter. Nationwide Fund Advisors now owns 9,500 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 7,700 shares in the last quarter. Virtu KCG Holdings LLC lifted its stake in shares of Amtech Systems by 14.6% during the second quarter. Virtu KCG Holdings LLC now owns 14,268 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 1,813 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Amtech Systems during the third quarter worth about $148,000. Institutional investors own 60.81% of the company’s stock.
Amtech Systems Company Profile
Amtech Systems, Inc is engaged in the manufacture of capital equipment, including thermal processing, silicon wafer handling automation and related consumables used in fabricating solar cells, Light Emitting Diode (LED) and semiconductor devices. The Company operates through three business segments: solar, semiconductor and polishing.
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