Amtech Systems (NASDAQ:ASYS) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Amtech Systems, Inc. (NASDAQ:ASYS)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.30 and traded as high as $19.48. Amtech Systems shares last traded at $18.26, with a volume of 445,504 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Weiss Ratings raised shares of Amtech Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 10th. Roth Capital reissued a “buy” rating and set a $22.00 price target on shares of Amtech Systems in a research report on Friday, May 8th. Wall Street Zen raised shares of Amtech Systems from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 17th. Finally, Zacks Research upgraded Amtech Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Amtech Systems Stock Performance

The company has a market cap of $242.72 million, a price-to-earnings ratio of 98.11 and a beta of 1.98. The company has a fifty day moving average of $20.55 and a two-hundred day moving average of $16.33.

Amtech Systems (NASDAQ:ASYS) last issued its earnings results on Thursday, May 7th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The business had revenue of $20.47 million during the quarter, compared to analysts’ expectations of $19.50 million. Amtech Systems had a return on equity of 5.58% and a net margin of 3.11%. Equities analysts expect that Amtech Systems, Inc. will post 0.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Amtech Systems by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 676,006 shares of the semiconductor company’s stock worth $6,260,000 after buying an additional 17,099 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Amtech Systems by 5.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 365,387 shares of the semiconductor company’s stock valued at $4,268,000 after acquiring an additional 18,354 shares during the period. Marshall Wace LLP raised its stake in shares of Amtech Systems by 235.0% during the fourth quarter. Marshall Wace LLP now owns 352,624 shares of the semiconductor company’s stock valued at $4,425,000 after acquiring an additional 247,352 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Amtech Systems by 85.7% during the fourth quarter. Jane Street Group LLC now owns 325,754 shares of the semiconductor company’s stock valued at $4,088,000 after acquiring an additional 150,332 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Amtech Systems by 622.1% during the fourth quarter. Renaissance Technologies LLC now owns 146,596 shares of the semiconductor company’s stock worth $1,840,000 after purchasing an additional 126,296 shares during the period. Institutional investors and hedge funds own 50.21% of the company’s stock.

Amtech Systems Company Profile

Amtech Systems, Inc is a global supplier of capital equipment and aftermarket parts for the solar photovoltaic and semiconductor industries. The company’s solutions support key steps in wafer and cell production, offering both new machinery and spares designed to optimize yield, throughput and energy efficiency. Amtech operates through two primary segments: solar manufacturing and semiconductor & electronics packaging.

In its solar segment, Amtech provides diffusion furnaces, epitaxy reactors and plasma-enhanced chemical vapor deposition (PECVD) systems used in high-volume solar cell fabrication.