Shares of Amtech Systems, Inc. (NASDAQ:ASYS) have been given a consensus recommendation of “Buy” by the six analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $6.75.
ASYS has been the topic of several analyst reports. ValuEngine downgraded shares of Amtech Systems from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th. Zacks Investment Research raised shares of Amtech Systems from a “sell” rating to a “hold” rating and set a $5.75 price objective for the company in a research report on Monday, February 4th. Benchmark reaffirmed a “hold” rating on shares of Amtech Systems in a research report on Friday, February 8th. Cowen set a $7.00 price target on shares of Amtech Systems and gave the stock a “buy” rating in a research report on Friday, February 8th. Finally, Roth Capital reaffirmed a “neutral” rating and issued a $5.50 price target on shares of Amtech Systems in a research report on Monday, February 11th.
ASYS opened at $5.98 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.44 and a current ratio of 2.94. Amtech Systems has a fifty-two week low of $4.03 and a fifty-two week high of $10.67. The firm has a market cap of $85.87 million, a P/E ratio of 10.49 and a beta of 2.35.
Amtech Systems (NASDAQ:ASYS) last released its earnings results on Thursday, May 9th. The semiconductor company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.28. Amtech Systems had a negative net margin of 9.98% and a negative return on equity of 1.49%. The company had revenue of $20.63 million for the quarter, compared to analysts’ expectations of $27.53 million. During the same quarter in the previous year, the company earned $0.19 EPS. Amtech Systems’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, equities analysts expect that Amtech Systems will post 0.07 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in ASYS. Oxford Asset Management LLP boosted its holdings in Amtech Systems by 33.3% during the first quarter. Oxford Asset Management LLP now owns 15,374 shares of the semiconductor company’s stock worth $82,000 after buying an additional 3,843 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Amtech Systems by 31.3% during the fourth quarter. Bank of New York Mellon Corp now owns 20,171 shares of the semiconductor company’s stock worth $91,000 after buying an additional 4,804 shares in the last quarter. WealthTrust Axiom LLC boosted its holdings in Amtech Systems by 19.9% during the fourth quarter. WealthTrust Axiom LLC now owns 62,150 shares of the semiconductor company’s stock worth $281,000 after buying an additional 10,328 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Amtech Systems by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,261,386 shares of the semiconductor company’s stock worth $5,714,000 after buying an additional 10,562 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in Amtech Systems during the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 54.10% of the company’s stock.
Amtech Systems Company Profile
Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating solar cells, light-emitting diodes (LEDs), and semiconductor devices in the United States, Europe, China, Malaysia, Taiwan, Germany, the Netherlands, France, and internationally. The company operates through three segments: Solar, Semiconductor, and Polishing.
Read More: Earnings Reports
Receive News & Ratings for Amtech Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amtech Systems and related companies with MarketBeat.com's FREE daily email newsletter.