Amtech Systems (ASYS) is Reiterated by The Benchmark Company to Buy, Lowers Price Target to $ 8.90

Amtech Systems (ASYS) was Reiterated by The Benchmark Company to “Buy” while Lowering the Price Target of the company shares to $ 8.90 from a previous price target of $9.50 . The Benchmark Company advised their investors in a research report released on May 6, 2016.

On the company’s financial health, Amtech Systems reported $-0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.33 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.44. The company had revenue of $22.48 million for the quarter, compared to analysts expectations of $21.15 million. The company’s revenue was down -7.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.19 EPS.

In a different news, on Sep 15, 2015, Robert F King (director) purchased 2,000 shares at $4.87 per share price. According to the SEC, on May 27, 2015, Bradley Clark Anderson (Chief Financial Officer) sold 20,002 shares at $11.82 per share price. On May 22, 2015, Jong S Whang (Executive Chairman) sold 65,613 shares at $11.15 per share price, according to the Form-4 filing with the securities and exchange commission.

Amtech Systems Inc. (Amtech) is a manufacturer of capital equipment including thermal processing silicon wafer handling automation and ion implant equipment and related consumables used in fabricating solar cells LED and semiconductor devices. Semiconductors or semiconductor chips are fabricated on silicon wafer substrates sliced from ingots and are part of many products including solar cells computers telecommunications devices automotive products consumer goods and industrial automation and control systems. The Company’s wafer handling thermal processing and consumable products address the diffusion oxidation and deposition steps used in the fabrication of solar cells light emitting diodes (LEDs) semiconductors microelectromechanical systems (MEMS) and the polishing of newly sliced silicon wafers. It operates through six subsidiaries: Tempress Systems B.V. P.R. Hoffman Machine Products Inc. Bruce Technologies Inc. R2D Automation Solaytec and BTU International.

Amtech Systems

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