Amtech Systems, Inc. (NASDAQ:ASYS) Sees Significant Decrease in Short Interest

Amtech Systems, Inc. (NASDAQ:ASYS - Get Free Report) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 61,300 shares, a drop of 11.0% from the March 31st total of 68,900 shares. Based on an average trading volume of 64,200 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.5% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Amtech Systems from a "sell" rating to a "hold" rating in a research note on Monday, February 12th.

Hedge Funds Weigh In On Amtech Systems

Large investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC lifted its position in Amtech Systems by 39.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 574,346 shares of the semiconductor company's stock valued at $4,377,000 after acquiring an additional 161,267 shares in the last quarter. Barclays PLC purchased a new stake in shares of Amtech Systems during the 3rd quarter worth approximately $48,000. AMH Equity Ltd purchased a new stake in shares of Amtech Systems during the 4th quarter worth approximately $377,000. Brandywine Global Investment Management LLC grew its stake in Amtech Systems by 2.0% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 126,838 shares of the semiconductor company's stock valued at $967,000 after buying an additional 2,500 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in Amtech Systems by 48.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 26,700 shares of the semiconductor company's stock valued at $203,000 after buying an additional 8,700 shares in the last quarter. Institutional investors own 50.21% of the company's stock.

Amtech Systems Trading Down 1.0 %

NASDAQ ASYS traded down $0.05 on Monday, reaching $4.87. The company had a trading volume of 10,277 shares, compared to its average volume of 68,797. The firm has a market cap of $69.11 million, a price-to-earnings ratio of -3.61 and a beta of 1.46. The business has a 50 day moving average of $4.92 and a two-hundred day moving average of $5.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 1.69. Amtech Systems has a fifty-two week low of $3.37 and a fifty-two week high of $11.98.

Amtech Systems (NASDAQ:ASYS - Get Free Report) last released its quarterly earnings data on Friday, February 9th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.08. Amtech Systems had a negative net margin of 16.45% and a negative return on equity of 1.15%. The company had revenue of $24.92 million for the quarter, compared to analysts' expectations of $22.00 million. Analysts forecast that Amtech Systems will post -0.25 EPS for the current year.

About Amtech Systems

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.