Amtech Systems (NASDAQ:ASYS) was downgraded by stock analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued on Thursday.
Other equities research analysts have also recently issued reports about the stock. Cowen reissued an “outperform” rating and issued a $13.50 target price (up from $10.50) on shares of Amtech Systems in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of Amtech Systems from a “hold” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a report on Wednesday, August 16th. Benchmark restated a “buy” rating and issued a $12.00 price target on shares of Amtech Systems in a report on Thursday, August 10th. Finally, Roth Capital assumed coverage on shares of Amtech Systems in a report on Friday, August 4th. They issued a “buy” rating and a $12.00 price target on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Amtech Systems presently has a consensus rating of “Buy” and a consensus price target of $14.88.
Shares of Amtech Systems (NASDAQ:ASYS) opened at $10.21 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.83 and a quick ratio of 1.48. Amtech Systems has a 12-month low of $3.99 and a 12-month high of $15.45. The stock has a market cap of $150.40, a P/E ratio of 20.40 and a beta of 2.14.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Amtech Systems in the third quarter valued at approximately $102,000. JPMorgan Chase & Co. raised its holdings in Amtech Systems by 1,331.9% in the third quarter. JPMorgan Chase & Co. now owns 8,878 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 8,258 shares during the period. Nationwide Fund Advisors raised its stake in shares of Amtech Systems by 427.8% during the third quarter. Nationwide Fund Advisors now owns 9,500 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 7,700 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Amtech Systems during the third quarter valued at approximately $148,000. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Amtech Systems during the third quarter valued at approximately $168,000. Hedge funds and other institutional investors own 60.81% of the company’s stock.
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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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