Amtech Systems, Inc. (ASYS) Reaches $7.14 After 4.00% Down Move; Western Asset Global Corporate Defined Opportunity Fund (GDO)’s Sentiment Is 0.78

June 16, 2018 - By Adrian Mccoy

The stock of Amtech Systems, Inc. (NASDAQ:ASYS) is a huge mover today! The stock decreased 3.64% or $0.27 during the last trading session, reaching $7.14. About 322,477 shares traded or 24.21% up from the average. Amtech Systems, Inc. (NASDAQ:ASYS) has risen 7.20% since June 16, 2017 and is uptrending. It has underperformed by 5.37% the S&P500. Some Historical ASYS News: ; 10/05/2018 – AMTECH SYSTEMS INC – GROSS MARGIN FOR QUARTER ENDING JUNE 30, 2018 IS EXPECTED TO BE IN MID TO UPPER 20 PERCENT RANGE; 10/05/2018 – Amtech Systems 2Q EPS 19c; 12/03/2018 SoLayTec ships new ALD order and increases margin for its customer; 04/04/2018 – Consolidated Research: 2018 Summary Expectations for Merrimack Pharmaceuticals, Monroe Capital, NL Industries, FCB Financial, A; 10/05/2018 – Amtech Systems 2Q Rev $32.8M; 10/05/2018 – AMTECH SYSTEMS INC – AT MARCH 31, 2018, TOTAL ORDER BACKLOG WAS $63.1 MLN; 29/05/2018 – Report: Exploring Fundamental Drivers Behind Vivint Solar, Peapack-Gladstone Financial, Madrigal Pharmaceuticals, Univest Corpo; 19/04/2018 – DJ Amtech Systems Inc, Inst Holders, 1Q 2018 (ASYS); 10/05/2018 – Amtech Systems Sees 3Q Rev $34M-$37MThe move comes after 7 months negative chart setup for the $106.36 million company. It was reported on Jun, 16 by Barchart.com. We have $6.85 PT which if reached, will make NASDAQ:ASYS worth $4.25M less.

Western Asset Global Corporate Defined Opportunity Fund Inc (GDO) investors sentiment decreased to 0.78 in Q1 2018. It’s down -0.29, from 1.07 in 2017Q4. The ratio is negative, as 14 investment professionals increased or started new equity positions, while 18 sold and decreased stakes in Western Asset Global Corporate Defined Opportunity Fund Inc. The investment professionals in our database reported: 3.52 million shares, up from 3.46 million shares in 2017Q4. Also, the number of investment professionals holding Western Asset Global Corporate Defined Opportunity Fund Inc in top ten equity positions decreased from 1 to 0 for a decrease of 1. Sold All: 4 Reduced: 14 Increased: 8 New Position: 6.

The stock increased 0.67% or $0.11 during the last trading session, reaching $16.52. About 25,967 shares traded. Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) has 0.00% since June 16, 2017 and is . It has underperformed by 12.57% the S&P500.

Fca Corp Tx holds 1.79% of its portfolio in Western Asset Global Corporate Defined Opportunity Fund Inc. for 261,274 shares. Koshinski Asset Management Inc. owns 51,200 shares or 0.27% of their US portfolio. Moreover, 1607 Capital Partners Llc has 0.21% invested in the company for 230,019 shares. The Texas-based Mcgowan Group Asset Management Inc. has invested 0.15% in the stock. Shaker Financial Services Llc, a Virginia-based fund reported 14,964 shares.

Among 4 analysts covering Amtech Systems (NASDAQ:ASYS), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Amtech Systems has $17.25 highest and $5 lowest target. $12.44’s average target is 74.23% above currents $7.14 stock price. Amtech Systems had 16 analyst reports since August 9, 2015 according to SRatingsIntel. The rating was upgraded by Zacks on Friday, August 21 to “Sell”. The firm earned “Buy” rating on Friday, October 13 by Cowen & Co. The rating was downgraded by Roth Capital to “Neutral” on Monday, June 4. Zacks downgraded Amtech Systems, Inc. (NASDAQ:ASYS) on Wednesday, August 12 to “Hold” rating. The firm has “Buy” rating given on Friday, November 20 by Stifel Nicolaus. The stock of Amtech Systems, Inc. (NASDAQ:ASYS) earned “Buy” rating by Benchmark on Thursday, August 10. The rating was initiated by Roth Capital on Friday, August 4 with “Buy”. Benchmark downgraded it to “Hold” rating and $5 target in Friday, November 18 report. The firm has “Buy” rating given on Monday, November 20 by Cowen & Co. The firm has “Buy” rating by Cowen & Co given on Monday, September 11.

Investors sentiment increased to 2.39 in 2018 Q1. Its up 0.47, from 1.92 in 2017Q4. It is positive, as 4 investors sold Amtech Systems, Inc. shares while 14 reduced holdings. 13 funds opened positions while 30 raised stakes. 9.31 million shares or 1.70% more from 9.15 million shares in 2017Q4 were reported. Invesco Ltd has invested 0% in Amtech Systems, Inc. (NASDAQ:ASYS). Royal Bank & Trust Of Canada reported 2,146 shares or 0% of all its holdings. Panagora Asset Management has 6,970 shares for 0% of their portfolio. State Common Retirement Fund holds 0% of its portfolio in Amtech Systems, Inc. (NASDAQ:ASYS) for 3,324 shares. Vanguard Grp Incorporated accumulated 549,856 shares. Pdts Ltd Liability Company holds 0.02% or 74,001 shares in its portfolio. 528 were reported by Qs Invsts Limited Liability Corp. Connor Clark And Lunn Inv Mgmt reported 0% of its portfolio in Amtech Systems, Inc. (NASDAQ:ASYS). 61,122 were accumulated by Cadence Cap Mgmt Ltd Llc. Trexquant Lp owns 0.01% invested in Amtech Systems, Inc. (NASDAQ:ASYS) for 26,459 shares. 3,000 were reported by Financial Architects. Barclays Public Limited Com has 15,459 shares for 0% of their portfolio. Northern Tru Corp reported 31,701 shares. Moreover, Art Advsrs Lc has 0.01% invested in Amtech Systems, Inc. (NASDAQ:ASYS). Connecticut-based Matarin Capital has invested 0% in Amtech Systems, Inc. (NASDAQ:ASYS).

Amtech Systems, Inc. manufactures and sells capital equipment and related consumables for use in fabricating solar cells, LED, and semiconductor devices primarily in the United States, Asia, Europe, and internationally. The company has market cap of $106.36 million. It operates in three divisions: Solar, Semiconductor, and Polishing. It has a 6.4 P/E ratio. The Solar segment supplies thermal processing systems, including diffusion, plasma-enhanced chemical vapor deposition, and atomic layer deposition systems; and automation equipment comprising mass wafer transfer systems, sorters, long-boat transfer systems, load station elevators, buffers, and conveyers, as well as related parts and services.

Another recent and important Amtech Systems, Inc. (NASDAQ:ASYS) news was published by Globenewswire.com which published an article titled: “Report: Exploring Fundamental Drivers Behind Vivint Solar, Peapack-Gladstone Financial, Madrigal Pharmaceuticals …” on May 29, 2018.

Analysts await Amtech Systems, Inc. (NASDAQ:ASYS) to report earnings on August, 8. They expect $-0.07 earnings per share, down 128.00% or $0.32 from last year’s $0.25 per share. After $0.19 actual earnings per share reported by Amtech Systems, Inc. for the previous quarter, Wall Street now forecasts -136.84% negative EPS growth.

Since January 18, 2018, it had 0 insider purchases, and 4 sales for $435,664 activity. 16,830 shares were sold by Pentinga Fokko, worth $166,878 on Friday, June 1. $50,050 worth of Amtech Systems, Inc. (NASDAQ:ASYS) shares were sold by WHANG MICHAEL. Another trade for 17,699 shares valued at $199,114 was made by KING ROBERT F on Thursday, January 18.

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