Cowen and Company Reaffirms “Outperform” Rating for Amtech Systems, Inc. (NASDAQ:ASYS)

Cowen and Company restated their outperform rating on shares of Amtech Systems, Inc. (NASDAQ:ASYS) in a research note issued to investors on Thursday morning. Cowen and Company currently has a $13.50 price objective on the semiconductor company’s stock, up from their previous price objective of $10.50.

ASYS has been the topic of a number of other reports. Benchmark Co. raised Amtech Systems from a hold rating to a buy rating and set a $8.00 price target on the stock in a research report on Wednesday, April 26th. Roth Capital initiated coverage on Amtech Systems in a research report on Friday, August 4th. They set a buy rating and a $12.00 price target on the stock. ValuEngine raised Amtech Systems from a sell rating to a hold rating in a research report on Thursday, June 8th. Zacks Investment Research raised Amtech Systems from a sell rating to a hold rating and set a $8.50 price target on the stock in a research report on Tuesday, May 16th. Finally, TheStreet raised Amtech Systems from a d+ rating to a c- rating in a research report on Monday, May 15th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $11.50.

Shares of Amtech Systems (ASYS) opened at 10.50 on Thursday. The firm has a 50 day moving average price of $8.85 and a 200-day moving average price of $7.15. Amtech Systems has a 12-month low of $3.99 and a 12-month high of $11.82. The company has a market cap of $140.04 million, a price-to-earnings ratio of 90.52 and a beta of 2.05.

Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings results on Wednesday, August 9th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.30. The business had revenue of $47.76 million for the quarter, compared to the consensus estimate of $40.40 million. Amtech Systems had a return on equity of 2.34% and a net margin of 1.00%. The business’s quarterly revenue was up 43.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.09) earnings per share. On average, equities analysts expect that Amtech Systems will post $0.23 earnings per share for the current fiscal year.

WARNING: This story was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://sportsperspectives.com/2017/08/14/cowen-and-company-reaffirms-outperform-rating-for-amtech-systems-inc-nasdaqasys.html.

In related news, Director Robert F. King sold 4,700 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $8.68, for a total value of $40,796.00. Following the transaction, the director now directly owns 12,900 shares of the company’s stock, valued at approximately $111,972. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 34.60% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its position in Amtech Systems by 219.7% in the second quarter. Janney Montgomery Scott LLC now owns 123,412 shares of the semiconductor company’s stock valued at $1,042,000 after buying an additional 84,812 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its position in Amtech Systems by 20.3% in the first quarter. Pacific Ridge Capital Partners LLC now owns 343,037 shares of the semiconductor company’s stock valued at $1,887,000 after buying an additional 57,881 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Amtech Systems by 12.7% in the second quarter. Dimensional Fund Advisors LP now owns 466,683 shares of the semiconductor company’s stock valued at $3,939,000 after buying an additional 52,701 shares during the last quarter. EAM Investors LLC purchased a new position in Amtech Systems during the second quarter valued at about $435,000. Finally, Algert Global LLC increased its position in Amtech Systems by 149.7% in the second quarter. Algert Global LLC now owns 66,572 shares of the semiconductor company’s stock valued at $562,000 after buying an additional 39,912 shares during the last quarter. 53.00% of the stock is currently owned by hedge funds and other institutional investors.

About Amtech Systems

Amtech Systems, Inc is engaged in the manufacture of capital equipment, including thermal processing, silicon wafer handling automation and related consumables used in fabricating solar cells, Light Emitting Diode (LED) and semiconductor devices. The Company operates through three business segments: solar, semiconductor and polishing.

Receive News & Ratings for Amtech Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amtech Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply