Amtech Systems, Inc. (ASYS) Upgraded to Strong-Buy at ValuEngine
ValuEngine upgraded shares of Amtech Systems, Inc. (NASDAQ:ASYS) from a buy rating to a strong-buy rating in a research note released on Tuesday morning.
Other analysts also recently issued research reports about the company. Benchmark Co. reaffirmed a buy rating and set a $18.00 target price (up previously from $12.00) on shares of Amtech Systems in a research note on Tuesday. Cowen and Company reaffirmed an outperform rating and set a $13.50 target price (up previously from $10.50) on shares of Amtech Systems in a research note on Thursday, August 10th. Zacks Investment Research raised Amtech Systems from a hold rating to a strong-buy rating and set a $13.00 target price on the stock in a research note on Wednesday, August 16th. Finally, Roth Capital assumed coverage on Amtech Systems in a research note on Friday, August 4th. They set a buy rating and a $12.00 target price on the stock. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $14.88.
Shares of Amtech Systems (NASDAQ ASYS) opened at $13.23 on Tuesday. The stock has a market capitalization of $208.00, a P/E ratio of 21.72 and a beta of 2.14. Amtech Systems has a 1-year low of $3.99 and a 1-year high of $15.45. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.79 and a quick ratio of 1.42.
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Several institutional investors and hedge funds have recently bought and sold shares of ASYS. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Amtech Systems in the 3rd quarter worth $102,000. JPMorgan Chase & Co. raised its stake in shares of Amtech Systems by 1,331.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,878 shares of the semiconductor company’s stock worth $104,000 after buying an additional 8,258 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Amtech Systems by 427.8% in the 3rd quarter. Nationwide Fund Advisors now owns 9,500 shares of the semiconductor company’s stock worth $114,000 after buying an additional 7,700 shares in the last quarter. Virtu KCG Holdings LLC grew its holdings in shares of Amtech Systems by 14.6% in the 2nd quarter. Virtu KCG Holdings LLC now owns 14,268 shares of the semiconductor company’s stock worth $120,000 after acquiring an additional 1,813 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Amtech Systems in the 3rd quarter worth $148,000. 56.11% of the stock is currently owned by institutional investors.
About Amtech Systems
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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