ValuEngine Lowers Amtech Systems (NASDAQ:ASYS) to Sell

ValuEngine lowered shares of Amtech Systems (NASDAQ:ASYS) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning, ValuEngine reports.

A number of other brokerages have also issued reports on ASYS. TheStreet raised Amtech Systems from a d+ rating to a c- rating in a research report on Thursday, November 7th. Zacks Investment Research lowered Amtech Systems from a buy rating to a hold rating in a research report on Monday, February 24th. Finally, Benchmark reaffirmed a hold rating on shares of Amtech Systems in a research report on Monday, November 25th.

Shares of NASDAQ ASYS opened at $4.98 on Tuesday. Amtech Systems has a 1 year low of $4.68 and a 1 year high of $7.96. The firm has a market cap of $72.98 million, a price-to-earnings ratio of -14.65 and a beta of 2.32. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.61 and a current ratio of 4.24. The stock’s 50-day simple moving average is $6.27 and its 200-day simple moving average is $5.84.

In other Amtech Systems news, Director Robert M. Averick bought 21,500 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were acquired at an average cost of $5.30 per share, with a total value of $113,950.00. Also, Director Robert M. Averick bought 8,500 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average cost of $5.11 per share, for a total transaction of $43,435.00. Following the completion of the transaction, the director now owns 200,000 shares of the company’s stock, valued at approximately $1,022,000. The disclosure for this purchase can be found here. 19.80% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in ASYS. BlackRock Inc. increased its holdings in Amtech Systems by 8.0% in the second quarter. BlackRock Inc. now owns 136,648 shares of the semiconductor company’s stock valued at $752,000 after buying an additional 10,122 shares during the last quarter. California Public Employees Retirement System increased its holdings in Amtech Systems by 5.8% in the third quarter. California Public Employees Retirement System now owns 91,538 shares of the semiconductor company’s stock valued at $485,000 after buying an additional 5,000 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Amtech Systems by 7,568.0% in the third quarter. Tower Research Capital LLC TRC now owns 5,751 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 5,676 shares during the last quarter. Millennium Management LLC increased its holdings in Amtech Systems by 434.5% in the third quarter. Millennium Management LLC now owns 11,372 shares of the semiconductor company’s stock valued at $60,000 after buying an additional 14,772 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Amtech Systems by 61.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,723 shares of the semiconductor company’s stock valued at $98,000 after buying an additional 5,200 shares during the last quarter. 55.61% of the stock is owned by hedge funds and other institutional investors.

About Amtech Systems

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.

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