Amtech Systems, Inc. (NASDAQ:ASYS) Stock Has Consensus Price Target of $22.00

Key Points

• Analyst sentiment is mostly neutral: Amtech Systems has a consensus “Hold” rating from five analysts—three holds and two buys—with an average 12-month price target of $22.00.
• Shares fell 2.9% on Friday to $12.07, below their 50-day and 200-day moving averages; the stock’s 12-month range is $6.75 to $25.71.
• Company executives recently bought shares: the CFO purchased 2,000 shares and the CEO bought 3,450 shares. Insiders own 26.9% of the company.

Amtech Systems, Inc. (NASDAQ:ASYS - Get Free Report) has earned a consensus rating of "Hold" from the five research firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $22.00.

A number of brokerages have commented on ASYS. Wall Street Zen downgraded shares of Amtech Systems from a "buy" rating to a "hold" rating in a research note on Saturday, October 24th. Weiss Ratings downgraded shares of Amtech Systems from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, September 16th. Zacks Research lowered Amtech Systems from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 23rd. Finally, Lake Street Capital initiated coverage on Amtech Systems in a research note on Tuesday, October 20th. They issued a "buy" rating and a $22.00 price objective on the stock.

Insider Activity at Amtech Systems

In other news, CFO Thomas Sabol bought 2,000 shares of Amtech Systems stock in a transaction on Monday, September 14th. The stock was acquired at an average cost of $14.13 per share, for a total transaction of $28,260.00. Following the completion of the acquisition, the chief financial officer owned 2,000 shares of the company's stock, valued at $28,260. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Guy Shechter purchased 3,450 shares of Amtech Systems stock in a transaction dated Monday, August 24th. The shares were acquired at an average cost of $14.34 per share, for a total transaction of $49,473.00. Following the completion of the transaction, the chief executive officer owned 53,450 shares of the company's stock, valued at approximately $766,473. This represents a 6.90% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 26.90% of the company's stock.

Institutional Investors Weigh In On Amtech Systems

Several hedge funds have recently modified their holdings of ASYS. AWM Investment Company Inc. grew its holdings in Amtech Systems by 23.1% in the third quarter. AWM Investment Company Inc. now owns 849,317 shares of the semiconductor company's stock valued at $14,252,000 after purchasing an additional 159,317 shares during the period. Empowered Funds LLC raised its stake in shares of Amtech Systems by 9.9% during the 3rd quarter. Empowered Funds LLC now owns 38,113 shares of the semiconductor company's stock worth $640,000 after buying an additional 3,441 shares during the period. Kovack Advisors Inc. acquired a new position in shares of Amtech Systems during the 3rd quarter worth approximately $217,000. WealthTrust Axiom LLC lifted its position in shares of Amtech Systems by 36.5% during the 3rd quarter. WealthTrust Axiom LLC now owns 24,300 shares of the semiconductor company's stock valued at $408,000 after buying an additional 6,500 shares in the last quarter. Finally, Virtus Advisers LLC lifted its position in shares of Amtech Systems by 165.4% during the 3rd quarter. Virtus Advisers LLC now owns 30,471 shares of the semiconductor company's stock valued at $511,000 after buying an additional 18,990 shares in the last quarter. 50.21% of the stock is owned by hedge funds and other institutional investors.

Amtech Systems Trading Down 2.9%

Shares of NASDAQ ASYS traded down $0.36 during trading hours on Friday, hitting $12.07. 148,583 shares of the company traded hands, compared to its average volume of 259,884. The stock has a market capitalization of $211.35 million, a price-to-earnings ratio of 46.42 and a beta of 2.04. The company's 50 day moving average price is $14.34 and its 200 day moving average price is $15.89. Amtech Systems has a 12 month low of $6.75 and a 12 month high of $25.71.

About Amtech Systems

Amtech Systems, Inc. develops and manufactures equipment and related products used in semiconductor and electronics manufacturing. Its offerings include thermal processing systems for applications such as semiconductor fabrication, power devices and electronic assembly, as well as wafer and substrate polishing equipment and related consumables. The company serves customers in semiconductor, advanced packaging and other electronics markets, with products sold to manufacturers around the world. Amtech was founded in 1981 and is headquartered in Tempe, Arizona.

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