Amtech Systems, Inc. (NASDAQ:ASYS) posted its quarterly earnings data on Wednesday. The semiconductor company reported $0.25 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.30, Briefing.com reports. Amtech Systems had a negative net margin of 2.16% and a negative return on equity of 4.59%. The firm had revenue of $47.76 million during the quarter, compared to analysts’ expectations of $40.40 million. During the same quarter in the previous year, the company posted ($0.09) EPS. Amtech Systems’s revenue was up 43.3% on a year-over-year basis.

Amtech Systems (ASYS) traded up 10.58% during mid-day trading on Thursday, reaching $10.66. 415,641 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $8.71 and a 200-day moving average of $7.08. Amtech Systems has a 12 month low of $3.99 and a 12 month high of $11.82. The firm’s market cap is $140.71 million.

In related news, Director Robert F. King sold 4,700 shares of the stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $8.68, for a total value of $40,796.00. Following the completion of the transaction, the director now owns 12,900 shares of the company’s stock, valued at approximately $111,972. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 34.60% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Algert Global LLC increased its position in Amtech Systems by 149.7% in the second quarter. Algert Global LLC now owns 66,572 shares of the semiconductor company’s stock valued at $562,000 after buying an additional 39,912 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Amtech Systems by 219.7% in the second quarter. Janney Montgomery Scott LLC now owns 123,412 shares of the semiconductor company’s stock valued at $1,042,000 after buying an additional 84,812 shares during the last quarter. Ironwood Investment Management LLC increased its position in Amtech Systems by 6.4% in the first quarter. Ironwood Investment Management LLC now owns 39,978 shares of the semiconductor company’s stock valued at $220,000 after buying an additional 2,398 shares during the last quarter. Renaissance Technologies LLC increased its position in Amtech Systems by 6.6% in the first quarter. Renaissance Technologies LLC now owns 105,736 shares of the semiconductor company’s stock valued at $582,000 after buying an additional 6,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Amtech Systems by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 413,982 shares of the semiconductor company’s stock valued at $2,277,000 after buying an additional 21,630 shares during the last quarter. 53.65% of the stock is owned by hedge funds and other institutional investors.

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Several research analysts recently weighed in on ASYS shares. Benchmark Co. upgraded shares of Amtech Systems from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research report on Wednesday, April 26th. Zacks Investment Research upgraded shares of Amtech Systems from a “sell” rating to a “hold” rating and set a $8.50 price objective for the company in a research report on Tuesday, May 16th. TheStreet upgraded shares of Amtech Systems from a “d+” rating to a “c-” rating in a research report on Monday, May 15th. ValuEngine upgraded shares of Amtech Systems from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. Finally, Roth Capital started coverage on shares of Amtech Systems in a research report on Friday, August 4th. They issued a “buy” rating and a $12.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $11.63.

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.

Earnings History for Amtech Systems (NASDAQ:ASYS)

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