Amtech Systems (NASDAQ:ASYS) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Amtech Systems' stock price recently crossed above its 200-day moving average, reaching a high of $9.61 before closing at $9.28, indicating potential upward momentum.
• Zacks Research upgraded Amtech Systems from a "hold" to a "strong-buy" rating, and the stock is currently viewed favorably by Wall Street analysts with an average rating of "Strong Buy."
• Institutional investors have increased their stake in Amtech Systems significantly, with notable purchases including a 135.5% boost in shares by Goldman Sachs Group Inc.

Amtech Systems, Inc. (NASDAQ:ASYS - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.67 and traded as high as $9.61. Amtech Systems shares last traded at $9.28, with a volume of 461,955 shares trading hands.

Analyst Ratings Changes

A number of research firms recently weighed in on ASYS. Wall Street Zen raised shares of Amtech Systems from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. Zacks Research raised shares of Amtech Systems from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Strong Buy".

Amtech Systems Price Performance

The stock has a market capitalization of $129.36 million, a price-to-earnings ratio of -4.04 and a beta of 1.61. The firm has a 50 day simple moving average of $5.91 and a 200-day simple moving average of $4.79.

Institutional Trading of Amtech Systems

Several large investors have recently added to or reduced their stakes in the company. Northern Trust Corp lifted its position in shares of Amtech Systems by 31.7% during the fourth quarter. Northern Trust Corp now owns 44,816 shares of the semiconductor company's stock worth $244,000 after purchasing an additional 10,791 shares in the last quarter. Millennium Management LLC lifted its position in shares of Amtech Systems by 82.7% during the fourth quarter. Millennium Management LLC now owns 22,706 shares of the semiconductor company's stock worth $124,000 after purchasing an additional 10,281 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Amtech Systems during the fourth quarter worth approximately $71,000. Sowell Financial Services LLC acquired a new position in shares of Amtech Systems during the first quarter worth approximately $159,000. Finally, AMH Equity Ltd lifted its position in shares of Amtech Systems by 137.0% during the first quarter. AMH Equity Ltd now owns 97,583 shares of the semiconductor company's stock worth $471,000 after purchasing an additional 56,408 shares in the last quarter. 50.21% of the stock is owned by institutional investors.

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.