Amtech Systems (NASDAQ:ASYS) CFO Thomas Sabol Purchases 2,000 Shares of Stock

Amtech Systems, Inc. (NASDAQ:ASYSGet Free Report) CFO Thomas Sabol acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were acquired at an average price of $14.13 per share, with a total value of $28,260.00. Following the completion of the transaction, the chief financial officer owned 2,000 shares in the company, valued at $28,260. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Amtech Systems Trading Up 1.5%

Amtech Systems stock traded up $0.20 during midday trading on Wednesday, reaching $14.04. The company’s stock had a trading volume of 102,376 shares, compared to its average volume of 375,214. The stock has a market cap of $245.75 million, a PE ratio of 53.98 and a beta of 2.01. Amtech Systems, Inc. has a 52 week low of $6.75 and a 52 week high of $25.71. The business has a 50-day moving average price of $15.77 and a 200-day moving average price of $16.76.

Amtech Systems (NASDAQ:ASYSGet Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The company had revenue of $22.38 million for the quarter, compared to the consensus estimate of $21.50 million. Amtech Systems had a net margin of 4.90% and a return on equity of 6.33%. As a group, research analysts predict that Amtech Systems, Inc. will post 0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. AWM Investment Company Inc. acquired a new stake in shares of Amtech Systems in the second quarter valued at about $15,925,000. Arrowstreet Capital Limited Partnership boosted its holdings in Amtech Systems by 5.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 365,387 shares of the semiconductor company’s stock valued at $4,268,000 after acquiring an additional 18,354 shares during the last quarter. Sei Investments Co. increased its position in Amtech Systems by 104.5% during the 1st quarter. Sei Investments Co. now owns 92,515 shares of the semiconductor company’s stock valued at $1,081,000 after purchasing an additional 47,282 shares during the period. Bank of New York Mellon Corp acquired a new stake in Amtech Systems during the 2nd quarter valued at approximately $959,000. Finally, Engineers Gate Manager LP raised its holdings in Amtech Systems by 2.6% during the 2nd quarter. Engineers Gate Manager LP now owns 38,552 shares of the semiconductor company’s stock worth $890,000 after purchasing an additional 972 shares during the last quarter. 50.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on ASYS. Wall Street Zen downgraded Amtech Systems from a “strong-buy” rating to a “buy” rating in a report on Monday. Zacks Research cut Amtech Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings raised Amtech Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 31st. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.00.

Get Our Latest Analysis on Amtech Systems

Amtech Systems Company Profile

(Get Free Report)

Amtech Systems, Inc is a semiconductor equipment manufacturer that designs, develops and produces thermal processing systems used in the fabrication of semiconductor devices. Its equipment is intended for applications including wafer processing, diffusion, oxidation, annealing and other high-temperature manufacturing steps.

The company’s product portfolio has included batch and single-wafer processing systems, rapid thermal processing equipment, and related automation, controls and aftermarket services.

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