Amtech Systems, Inc. (NASDAQ:ASYS)‘s stock had its “buy” rating restated by equities researchers at Benchmark Co. in a research report issued on Tuesday. They presently have a $18.00 target price on the semiconductor company’s stock. Benchmark Co.’s price target indicates a potential upside of 27.48% from the company’s current price.
The analysts wrote, “We see FY17 earnings growing from $0.68 per diluted share to $0.86 per diluted share in FY18.””
Several other analysts have also recently issued reports on the company. Zacks Investment Research upgraded Amtech Systems from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Tuesday, October 17th. Cowen and Company reiterated an “outperform” rating and set a $13.50 price target (up from $10.50) on shares of Amtech Systems in a research report on Thursday, August 10th. Finally, Roth Capital assumed coverage on Amtech Systems in a research report on Friday, August 4th. They issued a “buy” rating and a $12.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Amtech Systems currently has an average rating of “Buy” and a consensus target price of $14.88.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC boosted its stake in shares of Amtech Systems by 154.3% during the 3rd quarter. Algert Global LLC now owns 169,271 shares of the semiconductor company’s stock worth $2,028,000 after acquiring an additional 102,699 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Amtech Systems during the 3rd quarter worth $148,000. Highbridge Capital Management LLC bought a new stake in shares of Amtech Systems during the 3rd quarter worth $168,000. Dimensional Fund Advisors LP boosted its stake in shares of Amtech Systems by 18.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 553,201 shares of the semiconductor company’s stock worth $6,627,000 after acquiring an additional 86,518 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Amtech Systems during the 3rd quarter worth $205,000. 56.11% of the stock is owned by institutional investors and hedge funds.
Amtech Systems Company Profile
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.
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