Amtech Systems, Inc. $ASYS Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors cut its Amtech Systems stake by 21.2% in the first quarter, selling 142,756 shares and retaining 529,351 shares valued at approximately $6.18 million. Institutional investors collectively own 50.21% of the company.
• Amtech Systems exceeded quarterly expectations, reporting EPS of $0.14 versus the $0.10 consensus and revenue of $22.38 million versus estimates of $21.50 million.
• ASYS opened at $15.40, below the analyst consensus price target of $22.00. Ratings are mixed, resulting in an overall “Hold” consensus from analysts.

Dimensional Fund Advisors LP lowered its stake in Amtech Systems, Inc. (NASDAQ:ASYS - Free Report) by 21.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 529,351 shares of the semiconductor company's stock after selling 142,756 shares during the quarter. Dimensional Fund Advisors LP owned 3.67% of Amtech Systems worth $6,182,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new stake in shares of Amtech Systems during the fourth quarter worth about $88,000. XTX Topco Ltd acquired a new stake in Amtech Systems in the 2nd quarter worth about $105,000. Millennium Management LLC purchased a new stake in Amtech Systems during the 3rd quarter worth approximately $111,000. NewEdge Advisors LLC purchased a new stake in Amtech Systems during the 3rd quarter worth approximately $135,000. Finally, Goldman Sachs Group Inc. increased its stake in Amtech Systems by 135.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 30,066 shares of the semiconductor company's stock worth $145,000 after buying an additional 17,297 shares in the last quarter. Hedge funds and other institutional investors own 50.21% of the company's stock.

Amtech Systems Stock Performance

ASYS opened at $15.40 on Wednesday. Amtech Systems, Inc. has a one year low of $4.58 and a one year high of $25.71. The stock has a market capitalization of $269.65 million, a PE ratio of 59.23 and a beta of 2.02. The business's 50 day moving average price is $18.57 and its 200 day moving average price is $16.59.

Amtech Systems (NASDAQ:ASYS - Get Free Report) last posted its earnings results on Wednesday, August 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.04. The company had revenue of $22.38 million during the quarter, compared to analysts' expectations of $21.50 million. Amtech Systems had a return on equity of 6.33% and a net margin of 4.90%. As a group, equities research analysts forecast that Amtech Systems, Inc. will post 0.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Roth Capital restated a "buy" rating and issued a $22.00 price objective on shares of Amtech Systems in a report on Friday, May 8th. Zacks Research lowered shares of Amtech Systems from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 23rd. Weiss Ratings cut shares of Amtech Systems from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen raised shares of Amtech Systems from a "buy" rating to a "strong-buy" rating in a research note on Sunday, May 17th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Amtech Systems presently has a consensus rating of "Hold" and an average target price of $22.00.

Amtech Systems Company Profile

Amtech Systems, Inc is a global supplier of capital equipment and aftermarket parts for the solar photovoltaic and semiconductor industries. The company's solutions support key steps in wafer and cell production, offering both new machinery and spares designed to optimize yield, throughput and energy efficiency. Amtech operates through two primary segments: solar manufacturing and semiconductor & electronics packaging.

In its solar segment, Amtech provides diffusion furnaces, epitaxy reactors and plasma-enhanced chemical vapor deposition (PECVD) systems used in high-volume solar cell fabrication.

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