Benchmark Co. Maintains a Hold Rating on Amtech Systems (ASYS)


In a report released today, Mark Miller from Benchmark Co. maintained a Hold rating on Amtech Systems (ASYS). The company’s shares closed yesterday at $6.29.

Miller commented:

“We believe the recent failure to obtain Phase II orders from a solar turnkey project, the cyclicality of solar sales, and the significant investment required to effectively compete in the changing solar industry drove the decision to divest the solar businesses.”

According to TipRanks.com, Miller is a top 100 analyst with an average return of 21.9% and a 68.6% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Axcelis Technologies, and MKS Instruments.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Amtech Systems with a $6.25 average price target.

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Based on Amtech Systems’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $2.37 million. In comparison, last year the company had a net profit of $2.84 million.

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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.

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