Amtech Systems (NASDAQ:ASYS) Rating Lowered to "Hold" at Zacks Research

Key Points

• Amtech Systems has been downgraded from a "strong-buy" rating to a "hold" rating by Zacks Research.
• The stock price of Amtech Systems decreased by 4.4%, and it has a current market cap of approximately $139.85 million.
• Institutional investors and hedge funds together own over 50% of Amtech Systems' stock, with several firms increasing their positions significantly in recent quarters.

Amtech Systems (NASDAQ:ASYS - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a note issued to investors on Tuesday,Zacks.com reports.

ASYS has been the topic of a number of other research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Amtech Systems in a research note on Wednesday. Wall Street Zen upgraded shares of Amtech Systems from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce".

Amtech Systems Stock Down 4.4%

Amtech Systems stock opened at $9.77 on Tuesday. Amtech Systems has a 12 month low of $3.20 and a 12 month high of $10.80. The stock has a market cap of $139.85 million, a price-to-earnings ratio of -4.36 and a beta of 1.65. The business has a 50 day moving average price of $7.15 and a two-hundred day moving average price of $5.19.

Hedge Funds Weigh In On Amtech Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC increased its position in Amtech Systems by 82.7% in the 4th quarter. Millennium Management LLC now owns 22,706 shares of the semiconductor company's stock valued at $124,000 after acquiring an additional 10,281 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of Amtech Systems in the 1st quarter worth $159,000. AMH Equity Ltd grew its position in shares of Amtech Systems by 137.0% during the 1st quarter. AMH Equity Ltd now owns 97,583 shares of the semiconductor company's stock worth $471,000 after buying an additional 56,408 shares during the period. Kovack Advisors Inc. increased its position in shares of Amtech Systems by 15.1% in the 1st quarter. Kovack Advisors Inc. now owns 75,400 shares of the semiconductor company's stock valued at $364,000 after buying an additional 9,900 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of 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. Institutional investors and hedge funds own 50.21% of the company's stock.

Amtech Systems Company Profile

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.

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