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Amtech Systems (ASYS)

Institutions have recently added more than 269,000 shares of this semiconductor company to their holdings, and three analysts have raised their 2016 earnings estimates for the company.

Amtech Systems (ASYS)
From Technology & Opportunity

Amtech Systems (ASYS) is a supplier of solar panel and semiconductor capital equipment with a global presence in North America, Europe, and Asia. Amtech’s products and services include silicon wafer handling automation, thermal processing, and various products used for fabricating solar cells and semiconductor devices.

Amtech has reported its second-quarter fiscal 2016 results with a net revenue of $22.5 million (beat by $1.34 million) and EPS of -$0.11 (beat by $0.33). Jointly, the firm reported customer orders of $45 million compared to $35.6 million in the preceding quarter.

The company now has $45 million of total bookings in the second quarter, including $28 million of solar orders, which is the highest solar bookings since the March quarter of 2011. With those bookings, the company now has a backlog of $67 million, which is a 57% increase since December 31, 2015, and the highest in four years.

We rate Amtech Systems a “Buy” under $7. The risk level is “Medium.”

Jason Stutman, Technology and Opportunity,, 877-303- 4529, May 2016