Amtech Systems (NASDAQ:ASYS) Issues Earnings Results

Amtech Systems (NASDAQ:ASYS) announced its earnings results on Wednesday. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04, FiscalAI reports. Amtech Systems had a return on equity of 5.58% and a net margin of 3.11%.The company had revenue of $22.38 million for the quarter, compared to analyst estimates of $21.50 million.

Amtech Systems Trading Down 8.2%

NASDAQ:ASYS traded down $1.43 during midday trading on Wednesday, reaching $16.01. The company had a trading volume of 555,750 shares, compared to its average volume of 369,036. The stock’s fifty day simple moving average is $19.18 and its 200-day simple moving average is $16.59. Amtech Systems has a 12-month low of $4.43 and a 12-month high of $25.71. The firm has a market capitalization of $233.11 million, a price-to-earnings ratio of 94.18 and a beta of 2.02.

Hedge Funds Weigh In On Amtech Systems

Several hedge funds and other institutional investors have recently made changes to their positions in ASYS. Kestra Advisory Services LLC acquired a new position in shares of Amtech Systems during the fourth quarter worth about $88,000. Millennium Management LLC acquired a new stake in Amtech Systems in the third quarter valued at approximately $111,000. Graham Capital Management L.P. acquired a new stake in Amtech Systems in the fourth quarter valued at approximately $158,000. Barclays PLC lifted its stake in Amtech Systems by 42,226.7% in the fourth quarter. Barclays PLC now owns 12,698 shares of the semiconductor company’s stock worth $159,000 after acquiring an additional 12,668 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new position in Amtech Systems in the third quarter worth approximately $135,000. Hedge funds and other institutional investors own 50.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ASYS shares. Wall Street Zen upgraded Amtech Systems from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 17th. Roth Capital restated a “buy” rating and set a $22.00 target price on shares of Amtech Systems in a report on Friday, May 8th. Zacks Research lowered shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings lowered shares of Amtech Systems from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Amtech Systems currently has a consensus rating of “Hold” and a consensus target price of $22.00.

About Amtech Systems

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.