Sunday, August 15, 2010
$ASYS - Amtech Systems. Inc.
Amtech Systems, Inc., through its subsidiaries, engages in the design, assembly, sale, and installation of capital equipment and related consumables used in the manufacture of wafers, primarily for the solar and semiconductor industries. It operates in two segments, Solar and Semiconductor Equipment, and Polishing Supplies.
The Solar and Semiconductor Equipment segment produces and sells horizontal diffusion, small batch vertical, and conveyor furnaces, as well as plasma-enhanced chemical vapor deposition products and semiconductor automation products. It also provides automation equipment, which includes mass wafer transfer systems, sorters, long-boat transfer systems, load station elevators, buffers and conveyers. In addition, this segment supplies thermal processing systems, including related automation, parts, and services to the solar/photovoltaic, semiconductor, silicon wafer, and microelectromechanical system industries.
The Polishing Supplies segment supplies wafer carriers to the manufacturers of silicon wafers. It also manufactures polishing templates, steel carriers, and double-sided polishing and lapping machines to fabricators of optics, quartz, ceramics, and metal parts, as well as manufacturers of medical equipment components and computer disks. In addition, Amtech Systems, Inc. provides semiconductor manufacturing support services. The company markets its products primarily through sales personnel, as well as through a network of domestic and international independent sales representatives and distributors.
Amtech Systems, Inc. sells its products primarily in the United States, Asia, and northern Europe. It was formerly known as Quartz Engineering & Materials, Inc. and changed its name to Amtech Systems, Inc. in 1987. The company was founded in 1981 and is based in Tempe, Arizona.
The company ended the week trading at $11.92 up $1.28 or 12.03% higher on heavier than average volume of 1.00 million. The average weekly trading volume for Amtech Systems is 406,000. The stock is currently above its 5, 10, 32, 50 and 200 week moving averages as it continues to move higher to the upside. Please keep Amtech Systems on your watch list for a possible move above its previous price high above $13.15.
By: Marlin Rolle
*** Please have a close look at the chart below ***