Amtech Systems, Inc. (NASDAQ:ASYS) Shares Sold by Royce & Associates LP

Key Points

• Royce & Associates LP reduced its stake in Amtech Systems, Inc. by 60.3%, now holding approximately 4.11% of the company, valued at $2.84 million.
• Several institutional investors, including Millennium Management and Northern Trust Corp, have recently increased their positions in Amtech Systems, contributing to a total institutional ownership of 50.21%.
• Wall Street analysts downgraded Amtech Systems from a "buy" to a "sell" rating, reflecting concerns about the company's performance in the market.

Royce & Associates LP decreased its holdings in Amtech Systems, Inc. (NASDAQ:ASYS - Free Report) by 60.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 587,986 shares of the semiconductor company's stock after selling 891,314 shares during the period. Royce & Associates LP owned about 4.11% of Amtech Systems worth $2,840,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in ASYS. Renaissance Technologies LLC bought a new position in shares of Amtech Systems in the 4th quarter worth $64,000. Squarepoint Ops LLC bought a new position in Amtech Systems in the fourth quarter worth about $71,000. Millennium Management LLC raised its holdings in Amtech Systems by 82.7% in the fourth quarter. Millennium Management LLC now owns 22,706 shares of the semiconductor company's stock worth $124,000 after purchasing an additional 10,281 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of Amtech Systems during the 1st quarter worth approximately $159,000. Finally, Northern Trust Corp raised its stake in shares of Amtech Systems by 31.7% during the 4th quarter. Northern Trust Corp now owns 44,816 shares of the semiconductor company's stock worth $244,000 after acquiring an additional 10,791 shares in the last quarter. 50.21% of the stock is owned by institutional investors.

Amtech Systems Stock Performance

NASDAQ:ASYS traded up $0.03 during mid-day trading on Thursday, hitting $4.65. 11,385 shares of the company's stock traded hands, compared to its average volume of 54,425. Amtech Systems, Inc. has a twelve month low of $3.20 and a twelve month high of $6.81. The company has a market capitalization of $66.54 million, a P/E ratio of -2.07 and a beta of 1.58. The company has a fifty day moving average of $4.37 and a 200 day moving average of $4.50.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Amtech Systems from a "buy" rating to a "sell" rating in a research note on Thursday, May 22nd.

Amtech Systems Company Profile

Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs) worldwide. The company operates through Semiconductor and Material and Substrate segments.