Amtech Systems, Inc. (NASDAQ:ASYS) has received an average recommendation of “Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $13.25.
A number of equities research analysts recently issued reports on the company. ValuEngine downgraded Amtech Systems from a “buy” rating to a “hold” rating in a research report on Saturday, April 7th. Zacks Investment Research raised Amtech Systems from a “sell” rating to a “hold” rating in a research report on Monday, April 16th.
Shares of NASDAQ:ASYS opened at $8.91 on Friday. The company has a market cap of $122.44 million, a P/E ratio of 13.10 and a beta of 2.05. Amtech Systems has a 1 year low of $8.42 and a 1 year high of $9.24. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.90 and a current ratio of 2.42.
Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings results on Thursday, May 10th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.27. The business had revenue of $32.78 million for the quarter, compared to the consensus estimate of $27.80 million. Amtech Systems had a return on equity of 22.08% and a net margin of 9.52%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.11) earnings per share. analysts anticipate that Amtech Systems will post 0.61 EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new stake in Amtech Systems during the fourth quarter worth approximately $681,000. Bogle Investment Management L P DE acquired a new stake in shares of Amtech Systems in the 4th quarter valued at $2,060,000. Systematic Financial Management LP acquired a new stake in shares of Amtech Systems in the 4th quarter valued at $1,379,000. Dimensional Fund Advisors LP boosted its holdings in shares of Amtech Systems by 18.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 553,201 shares of the semiconductor company’s stock valued at $6,627,000 after purchasing an additional 86,518 shares in the last quarter. Finally, Alambic Investment Management L.P. boosted its holdings in shares of Amtech Systems by 328.1% in the 4th quarter. Alambic Investment Management L.P. now owns 245,304 shares of the semiconductor company’s stock valued at $2,470,000 after purchasing an additional 188,008 shares in the last quarter. 63.93% 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, 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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