TheStreet Upgrades Amtech Systems (NASDAQ:ASYS) to C-

Amtech Systems (NASDAQ:ASYS) was upgraded by equities research analysts at TheStreet from a “d+” rating to a “c-” rating in a research report issued on Thursday, TheStreetRatingsTable reports.

Other equities research analysts have also issued research reports about the company. ValuEngine lowered Amtech Systems from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Zacks Investment Research lowered Amtech Systems from a “buy” rating to a “hold” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.17.

NASDAQ:ASYS traded down $0.26 during midday trading on Thursday, reaching $5.22. The company had a trading volume of 70,900 shares, compared to its average volume of 55,212. The firm has a market capitalization of $82.75 million, a price-to-earnings ratio of 9.16 and a beta of 2.23. Amtech Systems has a 12-month low of $4.03 and a 12-month high of $7.18. The stock’s fifty day simple moving average is $5.41 and its 200-day simple moving average is $5.66. The company has a current ratio of 3.34, a quick ratio of 2.76 and a debt-to-equity ratio of 0.06.

Amtech Systems (NASDAQ:ASYS) last announced its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.05. Amtech Systems had a negative return on equity of 3.60% and a negative net margin of 14.93%. The company had revenue of $21.00 million for the quarter, compared to analyst estimates of $19.69 million. During the same quarter in the previous year, the company earned $0.33 EPS. The firm’s revenue for the quarter was down 26.9% compared to the same quarter last year. As a group, sell-side analysts expect that Amtech Systems will post 0.16 EPS for the current year.

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In other Amtech Systems news, Director Robert M. Averick acquired 20,000 shares of the stock in a transaction on Friday, August 30th. The shares were bought at an average price of $5.27 per share, with a total value of $105,400.00. Following the acquisition, the director now owns 150,659 shares of the company’s stock, valued at $793,972.93. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 22.00% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in shares of Amtech Systems by 7,568.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,751 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 5,676 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Amtech Systems by 5.8% during the 3rd quarter. California Public Employees Retirement System now owns 91,538 shares of the semiconductor company’s stock worth $485,000 after acquiring an additional 5,000 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Amtech Systems during the 2nd quarter worth approximately $85,000. BlackRock Inc. boosted its stake in shares of Amtech Systems by 8.0% during the 2nd quarter. BlackRock Inc. now owns 136,648 shares of the semiconductor company’s stock worth $752,000 after acquiring an additional 10,122 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its stake in shares of Amtech Systems by 2.0% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 729,514 shares of the semiconductor company’s stock worth $4,012,000 after acquiring an additional 14,366 shares in the last quarter. 56.56% of the stock is currently 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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