Equities analysts forecast that Amtech Systems, Inc. (NASDAQ:ASYS) will report earnings per share of ($0.05) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Amtech Systems’ earnings. Amtech Systems posted earnings per share of ($0.09) during the same quarter last year, which would suggest a positive year over year growth rate of 44.4%. The company is scheduled to report its next quarterly earnings results on Thursday, August 3rd.
According to Zacks, analysts expect that Amtech Systems will report full year earnings of ($0.07) per share for the current financial year. For the next fiscal year, analysts expect that the firm will post earnings of $0.36 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Amtech Systems.
Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings results on Wednesday, May 10th. The semiconductor company reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.01. Amtech Systems had a negative return on equity of 4.59% and a negative net margin of 2.16%. The company had revenue of $32.94 million during the quarter, compared to the consensus estimate of $27.95 million. During the same period in the previous year, the firm posted ($0.11) EPS. Amtech Systems’s revenue was up 46.5% on a year-over-year basis.
ASYS has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Amtech Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, April 5th. Benchmark Co. upgraded shares of Amtech Systems from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research report on Wednesday, April 26th. TheStreet upgraded shares of Amtech Systems from a “d+” rating to a “c-” rating in a research report on Monday, May 15th. Finally, ValuEngine upgraded shares of Amtech Systems from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th.
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In other Amtech Systems news, Director Robert F. King sold 4,700 shares of the stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $8.68, for a total value of $40,796.00. Following the completion of the sale, the director now owns 12,900 shares in the company, valued at approximately $111,972. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 34.60% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Algert Global LLC acquired a new position in Amtech Systems during the first quarter worth $147,000. Ironwood Investment Management LLC increased its position in Amtech Systems by 6.4% in the first quarter. Ironwood Investment Management LLC now owns 39,978 shares of the semiconductor company’s stock worth $220,000 after buying an additional 2,398 shares in the last quarter. WealthTrust Axiom LLC increased its position in Amtech Systems by 7.7% in the first quarter. WealthTrust Axiom LLC now owns 59,937 shares of the semiconductor company’s stock worth $329,000 after buying an additional 4,308 shares in the last quarter. Renaissance Technologies LLC increased its position in Amtech Systems by 29.5% in the fourth quarter. Renaissance Technologies LLC now owns 99,236 shares of the semiconductor company’s stock worth $422,000 after buying an additional 22,600 shares in the last quarter. Finally, 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 worth $1,042,000 after buying an additional 84,812 shares in the last quarter. Institutional investors and hedge funds own 52.73% of the company’s stock.
Shares of Amtech Systems (ASYS) traded down 0.91% during mid-day trading on Wednesday, hitting $8.73. 64,224 shares of the stock traded hands. The stock has a 50-day moving average of $8.57 and a 200-day moving average of $6.91. Amtech Systems has a 52 week low of $3.99 and a 52 week high of $9.55. The company’s market cap is $115.24 million.
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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