AWM Investment Company Inc. purchased a new position in shares of Amtech Systems, Inc. (NASDAQ:ASYS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 690,000 shares of the semiconductor company's stock, valued at approximately $15,925,000. Amtech Systems accounts for approximately 1.4% of AWM Investment Company Inc.'s portfolio, making the stock its 23rd biggest holding. AWM Investment Company Inc. owned approximately 3.94% of Amtech Systems at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new position in shares of Amtech Systems during the 4th quarter valued at $88,000. XTX Topco Ltd bought a new position in shares of Amtech Systems during the second quarter valued at about $105,000. Millennium Management LLC purchased a new position in Amtech Systems in the 3rd quarter worth approximately $111,000. NewEdge Advisors LLC purchased a new position in shares of Amtech Systems in the third quarter worth $135,000. Finally, Walleye Capital LLC purchased a new position in shares of Amtech Systems in the first quarter valued at about $142,000. Hedge funds and other institutional investors own 50.21% of the company's stock.
Insider Transactions at Amtech Systems
In other Amtech Systems news, CEO Guy Shechter purchased 3,450 shares of Amtech Systems stock in a transaction dated Monday, August 24th. The stock was acquired at an average price of $14.34 per share, for a total transaction of $49,473.00. Following the acquisition, the chief executive officer owned 53,450 shares in the company, valued at $766,473. This trade represents a 6.90% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.90% of the stock is currently owned by insiders.
Amtech Systems Price Performance
Shares of NASDAQ ASYS opened at $14.25 on Wednesday. The stock has a market capitalization of $249.52 million, a P/E ratio of 54.81 and a beta of 2.02. The business's 50 day moving average is $17.44 and its two-hundred day moving average is $16.47. Amtech Systems, Inc. has a 1-year low of $5.63 and a 1-year high of $25.71.
Amtech Systems (NASDAQ:ASYS - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.04. The firm had revenue of $22.38 million during the quarter, compared to analysts' expectations of $21.50 million. Amtech Systems had a net margin of 4.90% and a return on equity of 6.33%. As a group, equities research analysts anticipate that Amtech Systems, Inc. will post 0.33 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Roth Capital restated a "buy" rating and issued a $22.00 target price on shares of Amtech Systems in a research note 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 upgraded shares of Amtech Systems from a "sell (d)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen upgraded 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 and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $22.00.
View Our Latest Analysis on Amtech Systems
Amtech Systems Profile
(
Free Report)
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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