Amtech Systems (NASDAQ:ASYS) Upgraded by Zacks Research to Hold Rating

Key Points

• Zacks Research upgraded Amtech Systems (NASDAQ:ASYS) from a strong sell to a hold, though the stock's consensus remains weak (two Holds, one Sell) and MarketBeat's average rating is "Reduce."
• Amtech missed its most recent quarter with $0.03 EPS versus a $0.07 consensus and reported a negative net margin of 41.28% and negative return on equity, indicating continued profitability pressure.
• Shares opened at $13.03 with a market cap of about $187.8M, a 52‑week range of $3.20–$18.59, and roughly 50% of the stock owned by institutional investors.

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

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Amtech Systems in a report on Wednesday, January 21st. Wall Street Zen cut shares of Amtech Systems from a "buy" rating to a "hold" rating in a report on Saturday, February 7th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Amtech Systems has an average rating of "Reduce".

Amtech Systems Stock Performance

Shares of ASYS opened at $13.03 on Tuesday. The stock has a market cap of $187.76 million, a PE ratio of -6.09 and a beta of 1.64. Amtech Systems has a fifty-two week low of $3.20 and a fifty-two week high of $18.59. The firm's 50-day simple moving average is $12.75 and its two-hundred day simple moving average is $11.16.

Amtech Systems (NASDAQ:ASYS - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.04). Amtech Systems had a negative return on equity of 1.53% and a negative net margin of 41.28%.The business had revenue of $18.97 million during the quarter, compared to analysts' expectations of $19.25 million. Equities research analysts predict that Amtech Systems will post 0.05 EPS for the current year.

Institutional Investors Weigh In On Amtech Systems

A number of institutional investors have recently made changes to their positions in ASYS. Kestra Advisory Services LLC bought a new position in Amtech Systems during the fourth quarter valued at approximately $88,000. Millennium Management LLC bought a new position in Amtech Systems during the third quarter valued at approximately $111,000. Graham Capital Management L.P. bought a new position in Amtech Systems during the fourth quarter valued at approximately $158,000. Barclays PLC lifted its position in Amtech Systems by 42,226.7% during the fourth quarter. Barclays PLC now owns 12,698 shares of the semiconductor company's stock valued at $159,000 after purchasing an additional 12,668 shares during the period. Finally, Thompson Davis & CO. Inc. bought a new position in Amtech Systems during the third quarter valued at approximately $123,000. Hedge funds and other institutional investors 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.

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