Amtech Systems (ASYS) Releases Quarterly Earnings Results, Misses Expectations By $0.44 EPS

Amtech Systems (NASDAQ:ASYS) issued its quarterly earnings data on Thursday. The semiconductor company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.44), MarketWatch Earnings reports. The company had revenue of $28.83 million during the quarter, compared to analysts’ expectations of $27.17 million. Amtech Systems had a return on equity of 19.36% and a net margin of 10.67%. The business’s revenue for the quarter was down 47.3% compared to the same quarter last year. During the same period last year, the company earned $0.53 earnings per share. Amtech Systems updated its Q1 2019 guidance to EPS.

ASYS stock opened at $5.57 on Friday. Amtech Systems has a 52-week low of $4.25 and a 52-week high of $11.52. The company has a market cap of $84.53 million, a PE ratio of 8.19 and a beta of 1.99. The company has a quick ratio of 2.42, a current ratio of 2.93 and a debt-to-equity ratio of 0.08.

Several analysts have recently commented on the company. Zacks Investment Research downgraded Amtech Systems from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. ValuEngine upgraded 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 Amtech Systems and gave the stock a “hold” rating in a research report on Friday, August 10th. Cowen set a $11.00 target price on Amtech Systems and gave the stock a “buy” rating in a research report on Thursday, August 9th. Finally, Benchmark downgraded Amtech Systems from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Friday, August 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Amtech Systems has a consensus rating of “Hold” and a consensus target price of $9.19.



Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can bought a new stake in Amtech Systems in the 2nd quarter worth approximately $130,000. Algert Global LLC acquired a new stake in shares of Amtech Systems during the 2nd quarter worth about $159,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Amtech Systems during the 2nd quarter worth about $388,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of 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 during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of 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 during the last quarter. Institutional investors own 55.59% of the company’s stock.

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About Amtech Systems

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.

Further Reading: Buyback For Investors Defined

Earnings History for Amtech Systems (NASDAQ:ASYS)

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