Amtech Systems’ (ASYS) “Neutral” Rating Reiterated at Roth Capital

Amtech Systems (NASDAQ:ASYS)‘s stock had its “neutral” rating restated by stock analysts at Roth Capital in a report issued on Monday. They presently have a $5.50 target price on the semiconductor company’s stock. Roth Capital’s price objective indicates a potential upside of 13.64% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research raised Amtech Systems from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a research report on Tuesday, October 16th. Cowen set a $9.00 price objective on Amtech Systems and gave the company a “buy” rating in a research report on Friday, November 30th. ValuEngine raised Amtech Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Benchmark reissued a “hold” rating on shares of Amtech Systems in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $8.56.

Amtech Systems stock traded down $0.31 during trading hours on Monday, reaching $4.84. 3,277 shares of the company were exchanged, compared to its average volume of 60,968. The stock has a market capitalization of $73.28 million, a P/E ratio of 8.46 and a beta of 2.35. The company has a quick ratio of 2.36, a current ratio of 2.96 and a debt-to-equity ratio of 0.09. Amtech Systems has a 12 month low of $4.03 and a 12 month high of $10.67.



Amtech Systems (NASDAQ:ASYS) last announced its earnings results on Thursday, February 7th. The semiconductor company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.12. The firm had revenue of $29.50 million during the quarter, compared to analysts’ expectations of $27.70 million. Amtech Systems had a positive return on equity of 0.44% and a negative net margin of 2.66%. The company’s revenue was down 59.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. Sell-side analysts anticipate that Amtech Systems will post -0.3 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of ASYS. BlackRock Inc. boosted its position in shares of Amtech Systems by 186.0% in the second quarter. BlackRock Inc. now owns 153,457 shares of the semiconductor company’s stock valued at $929,000 after acquiring an additional 99,807 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Amtech Systems by 26.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,086,467 shares of the semiconductor company’s stock valued at $6,574,000 after acquiring an additional 227,486 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Amtech Systems by 19.2% in the third quarter. Janney Montgomery Scott LLC now owns 180,101 shares of the semiconductor company’s stock valued at $962,000 after acquiring an additional 29,050 shares during the period. Ancora Advisors LLC boosted its position in shares of Amtech Systems by 116.5% in the third quarter. Ancora Advisors LLC now owns 281,760 shares of the semiconductor company’s stock valued at $1,505,000 after acquiring an additional 151,605 shares during the period. Finally, Royce & Associates LP boosted its position in shares of Amtech Systems by 1.5% in the third quarter. Royce & Associates LP now owns 1,144,387 shares of the semiconductor company’s stock valued at $6,111,000 after acquiring an additional 16,465 shares during the period. 54.92% 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 solar cells, light-emitting diodes (LEDs), and semiconductor devices in the United States, Europe, China, Malaysia, Taiwan, Germany, the Netherlands, France, and internationally. The company operates through three segments: Solar, Semiconductor, and Polishing.

Featured Story: Cost of Equity

Receive News & Ratings for Amtech Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amtech Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply