Notable Runner: How Analysts Feel About Amtech Systems, Inc. After Achieving 52-Week Low?

Notable Runner: How Analysts Feel About Amtech Systems, Inc. After Achieving 52 Week Low?

The stock of Amtech Systems, Inc. (NASDAQ:ASYS) hit a new 52-week low and has $4.00 target or 7.00% below today’s $4.30 share price. The 5 months bearish chart indicates high risk for the $54.88 million company. The 1-year low was reported on Nov, 29 by Barchart.com. If the $4.00 price target is reached, the company will be worth $3.84M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 19,768 shares traded hands. Amtech Systems, Inc. (NASDAQ:ASYS) has declined 33.18% since April 26, 2016 and is downtrending. It has underperformed by 38.44% the S&P500.

Analysts await Amtech Systems, Inc. (NASDAQ:ASYS) to report earnings on February, 2.

Amtech Systems, Inc. (NASDAQ:ASYS) Ratings Coverage

Out of 3 analysts covering Amtech Systems (NASDAQ:ASYS), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Amtech Systems has been the topic of 7 analyst reports since August 9, 2015 according to StockzIntelligence Inc. As per Friday, August 21, the company rating was upgraded by Zacks. The firm has “Buy” rating given on Friday, November 20 by Stifel Nicolaus. The stock of Amtech Systems, Inc. (NASDAQ:ASYS) earned “Hold” rating by Benchmark on Friday, November 18. The stock of Amtech Systems, Inc. (NASDAQ:ASYS) has “Hold” rating given on Wednesday, August 12 by Zacks.

According to Zacks Investment Research, “AMTECH SYSTEMS, INC. is engaged in the manufacture of several items of capital equipment, one of which is patented, used by customers in the manufacture of semiconductors. Co. has recently obtained a U.S. patent on technology on which it expects to base a proposed new photo chemical vapor deposition (CVD) product for use in semiconductor manufacturing facilities. The Company has engaged the University of California, Santa Cruz, to conduct a study to determine the feasibility of such a product.”

Insitutional Activity: The institutional sentiment increased to 1.3 in Q2 2016. Its up 0.70, from 0.6 in 2016Q1. The ratio improved, as 4 funds sold all Amtech Systems, Inc. shares owned while 11 reduced positions. 3 funds bought stakes while 6 increased positions. They now own 5.56 million shares or 21.09% less from 7.04 million shares in 2016Q1.
Blackrock Mngmt Limited Liability Co accumulated 0% or 1,794 shares. The New York-based Tower Rech Capital Ltd Liability (Trc) has invested 0% in Amtech Systems, Inc. (NASDAQ:ASYS). Geode Capital Mngmt Limited Liability Company holds 61,752 shares or 0% of its portfolio. Fincl Architects Incorporated owns 3,000 shares or 0.01% of their US portfolio. Ancora Advisors Ltd Liability Company holds 0.08% or 111,026 shares in its portfolio. Blackrock Institutional Tru Company Na accumulated 0% or 12,470 shares. Dimensional Fund Advisors L P holds 0% or 407,774 shares in its portfolio. Blackrock Fund holds 29,814 shares or 0% of its portfolio. Babson Capital Mgmt Ltd Liability Corp accumulated 90,808 shares or 0.01% of the stock. Federated Invsts Pa has invested 0% of its portfolio in Amtech Systems, Inc. (NASDAQ:ASYS). Nordea Inv Management Ab last reported 103,967 shares in the company. Jacobs Levy Equity Management reported 33,634 shares or 0% of all its holdings. Northern Tru holds 0% of its portfolio in Amtech Systems, Inc. (NASDAQ:ASYS) for 20,638 shares. The Massachusetts-based New England Private Wealth Lc has invested 0.92% in Amtech Systems, Inc. (NASDAQ:ASYS). National Bank & Trust Of Mellon Corporation accumulated 0% or 29,762 shares.

Another recent and important Amtech Systems, Inc. (NASDAQ:ASYS) news was published by Prnewswire.com which published an article titled: “Amtech Systems Completes Acquisition of BTU International” on January 30, 2015.

ASYS Company Profile

Amtech Systems, Inc., incorporated on October 22, 1981, is a maker 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’s wafer handling, thermal processing and consumable products address the diffusion, oxidation and deposition steps used in the fabrication of solar cells, LEDs, semiconductors, microelectromechanical systems (MEMS) and the polishing of newly sliced silicon wafers. The Firm operates in three divisions: Solar, Semiconductor and Polishing. In its Solar segment, the Company supplies thermal processing systems, including diffusion, plasma-enhanced chemical vapor deposition (PECVD), atomic layer deposition (ALD), related automation, parts and services, to the solar/photovoltaic industry. In its Semiconductor segment, the Company supplies thermal processing equipment, including solder reflow equipment and related controls for use by semiconductor manufacturers, and in electronics assembly for automotive and other industries. In its Polishing segment, the Company produces consumables and machinery for lapping (fine abrading), and polishing of materials, such as sapphire substrates, optical components, silicon wafers, and various types of crystalline materials, ceramics and metal components.

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