Zacks Investment Research downgraded shares of Amtech Systems (NASDAQ:ASYS) from a hold rating to a sell rating in a report published on Monday.

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. “

ASYS has been the topic of a number of other reports. Benchmark restated a buy rating and set a $18.00 target price (up from $12.00) on shares of Amtech Systems in a research report on Tuesday, November 21st. ValuEngine lowered shares of Amtech Systems from a strong-buy rating to a buy rating in a research report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $14.88.

Shares of Amtech Systems (NASDAQ ASYS) traded down $0.13 during trading on Monday, reaching $10.70. 175,694 shares of the company’s stock traded hands, compared to its average volume of 262,465. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.83 and a quick ratio of 1.48. The stock has a market capitalization of $157.62, a price-to-earnings ratio of 16.46 and a beta of 1.97. Amtech Systems has a one year low of $4.02 and a one year high of $15.45.

In related news, Director Paul J. Van Der Wansem sold 50,662 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $13.04, for a total transaction of $660,632.48. Following the completion of the sale, the director now directly owns 330,199 shares of the company’s stock, valued at $4,305,794.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Garnreiter sold 5,000 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $10.00, for a total value of $50,000.00. Following the sale, the director now directly owns 5,000 shares of the company’s stock, valued at $50,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 144,292 shares of company stock worth $1,857,068. Insiders own 34.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Amtech Systems by 18.5% during the third quarter. Dimensional Fund Advisors LP now owns 553,201 shares of the semiconductor company’s stock worth $6,627,000 after purchasing an additional 86,518 shares during the period. Algert Global LLC lifted its holdings in shares of Amtech Systems by 154.3% during the third quarter. Algert Global LLC now owns 169,271 shares of the semiconductor company’s stock worth $2,028,000 after purchasing an additional 102,699 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of Amtech Systems during the third quarter worth $1,224,000. EAM Investors LLC acquired a new stake in shares of Amtech Systems during the second quarter worth $435,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Amtech Systems by 707.8% during the third quarter. Russell Investments Group Ltd. now owns 35,583 shares of the semiconductor company’s stock worth $426,000 after purchasing an additional 31,178 shares during the period. 59.27% of the stock is owned by hedge funds and other institutional investors.

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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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