Roth Capital reaffirmed their neutral rating on shares of Amtech Systems (NASDAQ:ASYS) in a report issued on Monday, MarketBeat Ratings reports. They currently have a $5.50 target price on the semiconductor company’s stock.
Several other research firms have also issued reports on ASYS. Zacks Investment Research raised Amtech Systems from a hold rating to a buy rating and set a $4.75 price target for the company in a research report on Tuesday, October 30th. Cowen set a $9.00 price target on Amtech Systems and gave the stock a buy rating in a research report on Friday, November 30th. Benchmark reaffirmed a hold rating on shares of Amtech Systems in a research report on Friday, February 8th. Finally, ValuEngine lowered Amtech Systems from a hold rating to a sell rating in a research report on Wednesday, January 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $8.56.
ASYS opened at $4.87 on Monday. The company has a quick ratio of 2.36, a current ratio of 2.96 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $69.72 million, a PE ratio of 8.54 and a beta of 2.35. Amtech Systems has a 1 year low of $4.03 and a 1 year high of $10.67.
Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings results on Thursday, February 7th. The semiconductor company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.12. The firm had revenue of $29.50 million during the quarter, compared to analyst estimates of $27.70 million. Amtech Systems had a positive return on equity of 0.44% and a negative net margin of 2.66%. Amtech Systems’s quarterly revenue was down 59.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS. Sell-side analysts forecast that Amtech Systems will post -0.3 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its position in Amtech Systems by 31.3% in the 4th quarter. Bank of New York Mellon Corp now owns 20,171 shares of the semiconductor company’s stock worth $91,000 after buying an additional 4,804 shares during the last quarter. WealthTrust Axiom LLC raised its position in Amtech Systems by 19.9% in the 4th quarter. WealthTrust Axiom LLC now owns 62,150 shares of the semiconductor company’s stock worth $281,000 after buying an additional 10,328 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Amtech Systems by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,261,386 shares of the semiconductor company’s stock worth $5,714,000 after buying an additional 10,562 shares during the last quarter. Royce & Associates LP raised its position in Amtech Systems by 1.5% in the 3rd quarter. Royce & Associates LP now owns 1,144,387 shares of the semiconductor company’s stock worth $6,111,000 after buying an additional 16,465 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Amtech Systems by 19.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 180,101 shares of the semiconductor company’s stock worth $962,000 after buying an additional 29,050 shares during the last quarter. 54.92% of the stock is owned by institutional investors and hedge funds.
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.
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