Amtech Systems (NASDAQ:ASYS) Upgraded at Wall Street Zen

Amtech Systems (NASDAQ:ASYS) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Friday.

A number of other equities analysts have also issued reports on the stock. Benchmark reiterated a “hold” rating on shares of Amtech Systems in a research report on Tuesday, December 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Amtech Systems in a research report on Wednesday. Finally, Zacks Research raised Amtech Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Amtech Systems presently has an average rating of “Hold”.

Amtech Systems Stock Down 0.4%

Amtech Systems stock traded down $0.06 during trading hours on Friday, hitting $16.47. The stock had a trading volume of 243,023 shares, compared to its average volume of 360,449. The company has a market cap of $236.51 million, a PE ratio of -7.73 and a beta of 1.65. Amtech Systems has a fifty-two week low of $3.20 and a fifty-two week high of $17.44. The company has a 50-day moving average of $11.41 and a two-hundred day moving average of $8.48.

Institutional Trading of Amtech Systems

Hedge funds have recently modified their holdings of the stock. Williams & Novak LLC lifted its holdings 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 purchasing an additional 3,650 shares during the last quarter. Millennium Management LLC acquired a new position in Amtech Systems during the third quarter worth about $111,000. Thompson Davis & CO. Inc. acquired a new position in Amtech Systems during the 3rd quarter worth approximately $123,000. NewEdge Advisors LLC acquired a new position in Amtech Systems in the 3rd quarter worth about $135,000. Finally, James Investment Research Inc. acquired a new position in shares of Amtech Systems in the third quarter valued at approximately $135,000. 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.