Amtech Systems (NASDAQ:ASYS) Upgraded at Zacks Research

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

Several other equities analysts also recently commented on ASYS. Benchmark reiterated a “hold” rating on shares of Amtech Systems in a research report on Tuesday, December 2nd. Wall Street Zen raised Amtech Systems from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Amtech Systems in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Amtech Systems has a consensus rating of “Hold”.

Amtech Systems Trading Up 2.6%

ASYS stock opened at $12.19 on Tuesday. The stock has a market capitalization of $175.05 million, a P/E ratio of -5.72 and a beta of 1.70. The firm has a 50-day moving average price of $8.28 and a 200-day moving average price of $6.72. Amtech Systems has a 12 month low of $3.20 and a 12 month high of $12.39.

Institutional Investors Weigh In On Amtech Systems

Institutional investors have recently modified their holdings of the company. Williams & Novak LLC grew its stake in shares of Amtech Systems by 24.8% in the 2nd quarter. Williams & Novak LLC now owns 18,385 shares of the semiconductor company’s stock valued at $82,000 after buying an additional 3,650 shares during the period. Millennium Management LLC bought a new position in Amtech Systems in the third quarter worth approximately $111,000. Thompson Davis & CO. Inc. bought a new position in Amtech Systems in the third quarter worth approximately $123,000. James Investment Research Inc. acquired a new stake in Amtech Systems in the third quarter valued at approximately $135,000. Finally, NewEdge Advisors LLC bought a new stake in shares of Amtech Systems during the third quarter valued at approximately $135,000. 50.21% of the stock is owned by institutional investors.

Amtech Systems Company Profile

Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs) worldwide. The company operates through Semiconductor and Material and Substrate segments.