Amtech Systems, Inc. (NASDAQ:ASYS) Given Consensus Recommendation of “Hold” by Brokerages

Amtech Systems, Inc. (NASDAQ:ASYS) has been given an average recommendation of “Hold” by the six ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $6.25.

Several research analysts have issued reports on the stock. Benchmark restated a “hold” rating on shares of Amtech Systems in a report on Monday, November 25th. ValuEngine lowered shares of Amtech Systems from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Zacks Investment Research lowered shares of Amtech Systems from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 26th. Finally, TheStreet upgraded shares of Amtech Systems from a “d+” rating to a “c-” rating in a report on Thursday, November 7th.

Amtech Systems stock opened at $6.25 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.96 and a current ratio of 3.53. Amtech Systems has a 52-week low of $4.03 and a 52-week high of $7.18. The firm has a 50 day moving average price of $5.68 and a two-hundred day moving average price of $5.55. The firm has a market cap of $86.47 million, a price-to-earnings ratio of 22.32 and a beta of 2.28.

Amtech Systems (NASDAQ:ASYS) last released its quarterly earnings results on Thursday, November 21st. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.05. Amtech Systems had a negative net margin of 5.66% and a positive return on equity of 1.42%. The firm had revenue of $20.10 million during the quarter, compared to analyst estimates of $19.23 million. During the same quarter last year, the business earned ($0.61) EPS. The company’s revenue was down 13.0% compared to the same quarter last year. As a group, equities research analysts predict that Amtech Systems will post 0.01 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in ASYS. Jacobs Levy Equity Management Inc. bought a new stake in shares of Amtech Systems in the 2nd quarter valued at $85,000. Millennium Management LLC increased its stake in shares of Amtech Systems by 434.5% in the 3rd quarter. Millennium Management LLC now owns 11,372 shares of the semiconductor company’s stock valued at $60,000 after acquiring an additional 14,772 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its stake in shares of Amtech Systems by 2.0% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 729,514 shares of the semiconductor company’s stock valued at $4,012,000 after acquiring an additional 14,366 shares in the last quarter. BlackRock Inc. increased its stake in shares of Amtech Systems by 8.0% in the 2nd quarter. BlackRock Inc. now owns 136,648 shares of the semiconductor company’s stock valued at $752,000 after acquiring an additional 10,122 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Amtech Systems by 7,568.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,751 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 5,676 shares in the last quarter. Institutional investors own 57.19% of the company’s stock.

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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