Shares of Amtech Systems, Inc. (NASDAQ:ASYS) have been given a consensus recommendation of “Buy” by the six analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $12.63.

Several brokerages have weighed in on ASYS. ValuEngine upgraded Amtech Systems from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. Roth Capital assumed coverage on Amtech Systems in a research note on Friday, August 4th. They set a “buy” rating and a $12.00 price target for the company. Cowen and Company set a $14.00 price target on Amtech Systems and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Benchmark Co. reaffirmed a “buy” rating and set a $12.00 price target on shares of Amtech Systems in a report on Thursday, August 10th. Finally, Zacks Investment Research raised Amtech Systems from a “hold” rating to a “strong-buy” rating and set a $13.00 price target for the company in a report on Wednesday, August 16th.

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Amtech Systems (NASDAQ:ASYS) traded up 6.085% during trading on Friday, hitting $12.709. 239,317 shares of the stock traded hands. The stock has a market cap of $169.50 million, a P/E ratio of 109.560 and a beta of 2.11. Amtech Systems has a 12 month low of $3.99 and a 12 month high of $13.06. The firm’s 50-day moving average is $10.45 and its 200-day moving average is $8.08.

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

A number of large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. purchased a new stake in Amtech Systems in the 2nd quarter valued at approximately $241,000. PDT Partners LLC purchased a new position in shares of Amtech Systems during the 2nd quarter worth approximately $225,000. Dimensional Fund Advisors LP raised its stake in shares of Amtech Systems by 12.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 466,683 shares of the semiconductor company’s stock worth $3,939,000 after buying an additional 52,701 shares in the last quarter. Virtu KCG Holdings LLC raised its stake in shares of Amtech Systems by 14.6% during the 2nd quarter. Virtu KCG Holdings LLC now owns 14,268 shares of the semiconductor company’s stock worth $120,000 after buying an additional 1,813 shares in the last quarter. Finally, EAM Investors LLC purchased a new position in shares of Amtech Systems during the 2nd quarter worth approximately $435,000. 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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