Last Updated: 14 Sep 2024
Executive Summary
Amtech Systems Inc. (ASYS) is a manufacturer of capital equipment and consumables for the semiconductor industry. The company has a market capitalization of $85.88 million and trades on the NASDAQ exchange. The latest stock price is $6.04. Analysts have a Buy rating on the stock with a target price of $6.00.
Company Overview
Amtech Systems was founded in 1975 and is headquartered in Tempe, Arizona. The company's products are used in the manufacture of silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs). Amtech Systems has a global customer base and sells its products to a variety of industries, including automotive, aerospace, and consumer electronics.
Fundamental Analysis
Amtech Systems' financial performance has been mixed in recent years. The company's revenue has declined in each of the past three years. In fiscal 2023, the company reported revenue of $104.8 million, down 13% from the previous year. The company's net loss widened to $10.2 million in fiscal 2023, compared to a net loss of $4.1 million in fiscal 2022.
Amtech Systems' financial ratios are also weak. The company's gross profit margin is 39.5%, which is below the industry average. The company's operating margin is 3.2%, which is also below the industry average. Amtech Systems' return on assets is -1.82%, and its return on equity is -22.1%.
Technical Analysis
The technical analysis of Amtech Systems' stock price shows that the stock is in a downtrend. The stock price has been below its 50-day and 200-day moving averages for the past several months. The stock price is also below its 52-week high of $8.12.
Short Term Outlook
The short-term outlook for Amtech Systems' stock is negative. The stock price is in a downtrend and the company's financial performance is weak. Analysts have a Buy rating on the stock with a target price of $6.00, but the stock price is likely to continue to decline in the short term.
Long Term Outlook
The long-term outlook for Amtech Systems' stock is uncertain. The company's financial performance has been weak in recent years, but the company has a strong market position and a number of growth opportunities. If the company can improve its financial performance, the stock price could rebound in the long term.
Analyst Recommendations
Analysts have a Buy rating on Amtech Systems' stock with a target price of $6.00. The analysts believe that the company's stock is undervalued and that the company has a number of growth opportunities. However, the analysts also caution that the company's financial performance is weak and that the stock price could continue to decline in the short term.
