Amtech Systems (ASYS) Receives a Buy from Benchmark Co.

Benchmark Co. analyst Mark Miller maintained a Buy rating on Amtech Systems (ASYSResearch Report) today and set a price target of $18.00. The company’s shares closed last Wednesday at $7.69, close to its 52-week low of $7.48.

According to TipRanks.com, Miller is a 5-star analyst with an average return of 18.7% and a 54.7% success rate. Miller covers the Technology sector, focusing on stocks such as Axcelis Technologies, Western Digital, and Advanced Energy.

Amtech Systems has an analyst consensus of Moderate Buy, with a price target consensus of $17.00.

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Based on Amtech Systems’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $27.33 million and net profit of $997K. In comparison, last year the company earned revenue of $17.98 million and had a net profit of $719K.

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ASYS in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Amtech Systems, Inc. engages in the manufacture of capital equipment. It specializes in thermal processing and wafer handling automation, and related consumables used in fabricating semiconductor devices, light-emitting diodes, silicon carbide and silicon power chips, and solar cells. It operates through the following business segments: SiC/LED, Semiconductor, and Automation. The SiC/LED segment produces consumables and machinery for lapping (fine abrading) and polishing of materials, such as sapphire substrates, optical components, silicon wafers, numerous types of crystal materials, ceramics and metal components. The Semiconductor segment offers thermal processing equipment including solder reflow equipment and related controls and diffusion for use by semiconductor manufacturers, and in electronics assembly for automotive and other industries. The Automation segment supplies solar and semiconductor automation with in-house design and manufacturing capabilities and offer a full array of single wafer transfer tools as well as batch transfer tools and stocker options. The company was founded by Jong S. Whang in October 1981 and is headquartered in Tempe, AZ.

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