Amtech Systems, Inc. (ASYS) Shares Up 7.1%

Shares of Amtech Systems, Inc. (NASDAQ:ASYS) shot up 7.1% on Tuesday . The company traded as high as $14.17 and last traded at $14.12. 687,500 shares were traded during mid-day trading, an increase of 441% from the average session volume of 127,068 shares. The stock had previously closed at $13.19.

A number of research firms recently weighed in on ASYS. Zacks Investment Research upgraded Amtech Systems from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Tuesday, October 17th. Benchmark Co. restated a “buy” rating and issued a $18.00 price objective (up from $12.00) on shares of Amtech Systems in a report on Tuesday. Cowen and Company restated an “outperform” rating and issued a $13.50 price objective (up from $10.50) on shares of Amtech Systems in a report on Thursday, August 10th. Finally, Roth Capital began coverage on Amtech Systems in a report on Friday, August 4th. They issued a “buy” rating and a $12.00 price objective for the company. 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 a consensus rating of “Buy” and a consensus price target of $14.88.

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.79. The stock has a market capitalization of $189.86, a PE ratio of 109.92 and a beta of 2.14.

A number of institutional investors and hedge funds have recently modified their holdings of ASYS. Algert Global LLC boosted its position in Amtech Systems by 154.3% during the third quarter. Algert Global LLC now owns 169,271 shares of the semiconductor company’s stock valued at $2,028,000 after acquiring an additional 102,699 shares during the last quarter. Macquarie Group Ltd. bought a new stake in Amtech Systems during the third quarter valued at $1,224,000. Dimensional Fund Advisors LP boosted its position in Amtech Systems by 18.5% during the third quarter. Dimensional Fund Advisors LP now owns 553,201 shares of the semiconductor company’s stock valued at $6,627,000 after acquiring an additional 86,518 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Amtech Systems by 219.7% during the second quarter. Janney Montgomery Scott LLC now owns 123,412 shares of the semiconductor company’s stock valued at $1,042,000 after acquiring an additional 84,812 shares during the last quarter. Finally, EAM Investors LLC bought a new stake in Amtech Systems during the second quarter valued at $435,000. 56.11% of the stock is currently owned by institutional investors and hedge funds.

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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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