Amtech Systems, Inc. (NASDAQ:ASYS) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday.

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. “

Several other analysts also recently weighed in on ASYS. Benchmark Co. reaffirmed a “buy” rating and issued a $12.00 target price on shares of Amtech Systems in a report on Thursday, August 10th. Cowen and Company set a $14.00 price target on shares of Amtech Systems and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Roth Capital began coverage on shares of Amtech Systems in a report on Friday, August 4th. They set a “buy” rating and a $12.00 price target for the company. Finally, ValuEngine raised shares of Amtech Systems from a “sell” rating to a “hold” rating in a report on Thursday, June 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $12.63.

Shares of Amtech Systems (ASYS) traded down 2.14% on Tuesday, hitting $12.37. 198,886 shares of the company traded hands. The company has a market capitalization of $164.98 million, a PE ratio of 106.64 and a beta of 2.11. The stock’s 50-day moving average price is $11.04 and its 200-day moving average price is $8.47. Amtech Systems has a 12 month low of $3.99 and a 12 month high of $13.06.

Amtech Systems (NASDAQ:ASYS) last announced its quarterly earnings data on Wednesday, August 9th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.30. The company had revenue of $47.76 million for the quarter, compared to analysts’ expectations of $40.40 million. Amtech Systems had a net margin of 1.00% and a return on equity of 2.34%. Amtech Systems’s revenue was up 43.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.09) EPS. On average, equities analysts predict that Amtech Systems will post $0.23 earnings per share for the current year.

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A number of large investors have recently added to or reduced their stakes in the business. Virtu KCG Holdings LLC lifted its holdings in Amtech Systems by 14.6% in the second quarter. Virtu KCG Holdings LLC now owns 14,268 shares of the semiconductor company’s stock valued at $120,000 after acquiring an additional 1,813 shares during the period. Northern Trust Corp boosted its position in shares of Amtech Systems by 1.1% during the 2nd quarter. Northern Trust Corp now owns 21,797 shares of the semiconductor company’s stock worth $184,000 after purchasing an additional 242 shares in the last quarter. Ironwood Investment Management LLC boosted its position in shares of Amtech Systems by 6.4% during the 1st quarter. Ironwood Investment Management LLC now owns 39,978 shares of the semiconductor company’s stock worth $220,000 after purchasing an additional 2,398 shares in the last quarter. PDT Partners LLC purchased a new stake in shares of Amtech Systems during the 2nd quarter worth $225,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Amtech Systems during the 2nd quarter worth $241,000. Hedge funds and other institutional investors own 49.99% 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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