Amtech Systems (ASYS) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research lowered shares of Amtech Systems (NASDAQ:ASYS) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

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 equities analysts have also recently commented on the stock. ValuEngine upgraded shares of Amtech Systems from a strong sell rating to a sell rating in a research report on Friday, September 7th. Roth Capital set a $5.00 target price on shares of Amtech Systems and gave the company a hold rating in a research report on Friday, August 10th. Cowen set a $11.00 target price on shares of Amtech Systems and gave the company a buy rating in a research report on Thursday, August 9th. Finally, Benchmark cut shares of Amtech Systems from a buy rating to a hold rating and set a $16.00 price objective for the company. in a research report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $9.38.



Shares of NASDAQ:ASYS traded down $0.25 during midday trading on Thursday, hitting $4.46. The stock had a trading volume of 158,800 shares, compared to its average volume of 207,289. The stock has a market capitalization of $68.04 million, a PE ratio of 6.69 and a beta of 2.05. The company has a current ratio of 2.93, a quick ratio of 2.42 and a debt-to-equity ratio of 0.08. Amtech Systems has a fifty-two week low of $4.38 and a fifty-two week high of $15.10.

Amtech Systems (NASDAQ:ASYS) last issued its earnings results on Thursday, August 9th. The semiconductor company reported $0.18 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.28. The company had revenue of $41.20 million during the quarter, compared to analysts’ expectations of $35.19 million. Amtech Systems had a net margin of 10.67% and a return on equity of 19.36%. The business’s revenue for the quarter was down 13.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 EPS. On average, research analysts predict that Amtech Systems will post 0.74 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Amtech Systems by 26.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,086,467 shares of the semiconductor company’s stock worth $6,574,000 after purchasing an additional 227,486 shares in the last quarter. BlackRock Inc. increased its position in Amtech Systems by 186.0% during the 2nd quarter. BlackRock Inc. now owns 153,457 shares of the semiconductor company’s stock worth $929,000 after purchasing an additional 99,807 shares in the last quarter. Royce & Associates LP increased its position in Amtech Systems by 35.1% during the 2nd quarter. Royce & Associates LP now owns 1,127,922 shares of the semiconductor company’s stock worth $6,824,000 after purchasing an additional 292,876 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Amtech Systems by 37.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 109,320 shares of the semiconductor company’s stock worth $661,000 after purchasing an additional 29,705 shares in the last quarter. Finally, Algert Global LLC acquired a new position in Amtech Systems during the 2nd quarter worth approximately $159,000. Institutional investors and hedge funds own 57.49% of the company’s stock.

Amtech Systems Company Profile

Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating solar cells, LED, and semiconductor devices in the United States, Asia, Europe, and internationally. It operates through Solar, Semiconductor, and Polishing segments. The Solar segment supplies thermal processing systems, including diffusion, plasma-enhanced chemical vapor deposition, and atomic layer deposition systems; and automation equipment comprising mass wafer transfer systems, sorters, long-boat transfer systems, load station elevators, buffers, and conveyers, as well as related parts and services.

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