Amtech Systems (NASDAQ:ASYS) Raised to Strong-Buy at Zacks Research

Amtech Systems (NASDAQ:ASYS) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other research firms have also recently issued reports on ASYS. Benchmark reissued a “hold” rating on shares of Amtech Systems in a research note on Tuesday, December 2nd. Wall Street Zen upgraded Amtech Systems from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Amtech Systems in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Amtech Systems has an average rating of “Hold”.

Amtech Systems Price Performance

Amtech Systems stock opened at $12.60 on Tuesday. The firm has a 50 day simple moving average of $8.28 and a 200-day simple moving average of $6.72. The stock has a market cap of $180.86 million, a price-to-earnings ratio of -5.81 and a beta of 1.70. Amtech Systems has a 1-year low of $3.20 and a 1-year high of $12.39.

Hedge Funds Weigh In On Amtech Systems

Hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in Amtech Systems by 135.5% during the first quarter. Goldman Sachs Group Inc. now owns 30,066 shares of the semiconductor company’s stock worth $145,000 after purchasing an additional 17,297 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Amtech Systems by 90.8% in the first quarter. Acadian Asset Management LLC now owns 42,584 shares of the semiconductor company’s stock valued at $204,000 after purchasing an additional 20,264 shares in the last quarter. Williams & Novak LLC increased its stake in Amtech Systems by 24.8% during the 2nd quarter. Williams & Novak LLC now owns 18,385 shares of the semiconductor company’s stock worth $82,000 after buying an additional 3,650 shares during the period. XTX Topco Ltd acquired a new stake in Amtech Systems during the 2nd quarter worth approximately $105,000. Finally, GWN Securities Inc. purchased a new position in Amtech Systems in the 3rd quarter valued at approximately $189,000. 50.21% of the stock is currently owned by hedge funds and other institutional investors.

About Amtech Systems

Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs) worldwide. The company operates through Semiconductor and Material and Substrate segments.