Guy Shechter Acquires 3,450 Shares of Amtech Systems (NASDAQ:ASYS) Stock

Amtech Systems, Inc. (NASDAQ:ASYS) CEO Guy Shechter purchased 3,450 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were bought at an average price of $14.34 per share, with a total value of $49,473.00. Following the purchase, the chief executive officer owned 53,450 shares in the company, valued at $766,473. This represents a 6.90% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Amtech Systems Stock Performance

Shares of NASDAQ ASYS opened at $15.17 on Thursday. The business’s 50-day simple moving average is $17.32 and its 200-day simple moving average is $16.47. Amtech Systems, Inc. has a 52 week low of $5.63 and a 52 week high of $25.71. The firm has a market cap of $265.63 million, a price-to-earnings ratio of 58.35 and a beta of 2.02.

Amtech Systems (NASDAQ:ASYS) last posted its earnings results on Wednesday, August 5th. The semiconductor company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.04. The firm had revenue of $22.38 million during the quarter, compared to analyst estimates 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 0.33 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ASYS. AWM Investment Company Inc. acquired a new position in Amtech Systems during the second quarter worth $15,925,000. Marshall Wace LLP lifted its holdings in shares of Amtech Systems by 235.0% during the fourth quarter. Marshall Wace LLP now owns 352,624 shares of the semiconductor company’s stock valued at $4,425,000 after acquiring an additional 247,352 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Amtech Systems in the 3rd quarter valued at $1,689,000. Jane Street Group LLC boosted its stake in shares of Amtech Systems by 85.7% in the 4th quarter. Jane Street Group LLC now owns 325,754 shares of the semiconductor company’s stock valued at $4,088,000 after purchasing an additional 150,332 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Amtech Systems by 622.1% in the 4th quarter. Renaissance Technologies LLC now owns 146,596 shares of the semiconductor company’s stock worth $1,840,000 after purchasing an additional 126,296 shares during the last quarter. 50.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ASYS shares. Roth Capital reaffirmed a “buy” rating and set a $22.00 price objective on shares of Amtech Systems in a report on Friday, May 8th. Weiss Ratings upgraded shares of Amtech Systems from a “sell (d)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Wall Street Zen raised shares of Amtech Systems from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Finally, Zacks Research cut shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amtech Systems currently has an average rating of “Hold” and a consensus price target of $22.00.

About Amtech Systems

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.