Amtech Systems (ASYS) Given a $9.00 Price Target by Cowen Analysts

Amtech Systems (NASDAQ:ASYS) has been given a $9.00 price target by investment analysts at Cowen in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Cowen’s price objective would suggest a potential upside of 63.64% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Amtech Systems from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. ValuEngine raised shares of Amtech Systems from a “strong sell” rating to a “sell” rating in a report on Friday, September 7th. Roth Capital set a $5.00 price objective on shares of Amtech Systems and gave the company a “hold” rating in a research report on Friday, August 10th. Finally, Benchmark lowered 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 analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Amtech Systems currently has a consensus rating of “Hold” and a consensus target price of $8.69.

Shares of NASDAQ ASYS opened at $5.50 on Friday. Amtech Systems has a 12-month low of $4.25 and a 12-month high of $11.52. The stock has a market capitalization of $83.48 million, a price-to-earnings ratio of 9.65 and a beta of 1.99. 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 (NASDAQ:ASYS) last announced its quarterly earnings results on Thursday, November 29th. The semiconductor company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.44). Amtech Systems had a net margin of 3.01% and a return on equity of 8.33%. The business had revenue of $28.83 million during the quarter, compared to analysts’ expectations of $27.17 million. During the same period last year, the company earned $0.53 EPS. The firm’s revenue for the quarter was down 47.3% on a year-over-year basis. On average, equities analysts predict that Amtech Systems will post -0.19 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Bank of Montreal Can bought a new stake in Amtech Systems during the second quarter worth approximately $130,000. Municipal Employees Retirement System of Michigan bought a new stake in Amtech Systems during the second quarter worth approximately $388,000. Algert Global LLC bought a new stake in Amtech Systems during the second quarter worth approximately $159,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Amtech Systems by 37.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 109,320 shares of the semiconductor company’s stock worth $661,000 after acquiring an additional 29,705 shares during the last quarter. Finally, Royce & Associates LP increased its stake in Amtech Systems by 35.1% during the second quarter. Royce & Associates LP now owns 1,127,922 shares of the semiconductor company’s stock worth $6,824,000 after acquiring an additional 292,876 shares during the last quarter. 55.59% of the stock is owned by institutional investors and hedge funds.

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.

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