Ritholtz Wealth Management Makes New $497,000 Investment in Amtech Systems, Inc. $ASYS

Ritholtz Wealth Management purchased a new position in Amtech Systems, Inc. (NASDAQ:ASYS) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 39,572 shares of the semiconductor company’s stock, valued at approximately $497,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ASYS. XTX Topco Ltd acquired a new position in Amtech Systems in the 2nd quarter worth approximately $105,000. Millennium Management LLC acquired a new position in Amtech Systems in the 3rd quarter worth approximately $111,000. Thompson Davis & CO. Inc. acquired a new position in Amtech Systems in the 3rd quarter worth approximately $123,000. NewEdge Advisors LLC acquired a new position in Amtech Systems in the 3rd quarter worth approximately $135,000. Finally, James Investment Research Inc. acquired a new position in Amtech Systems in the 3rd quarter worth approximately $135,000. Institutional investors and hedge funds own 50.21% of the company’s stock.

Amtech Systems Trading Up 3.1%

Amtech Systems stock opened at $16.40 on Friday. Amtech Systems, Inc. has a 12 month low of $3.20 and a 12 month high of $18.59. The stock’s 50 day simple moving average is $12.60 and its two-hundred day simple moving average is $11.41. The firm has a market cap of $236.32 million, a PE ratio of -7.66 and a beta of 1.64.

Amtech Systems (NASDAQ:ASYS) last released its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.04). Amtech Systems had a negative return on equity of 1.53% and a negative net margin of 41.28%.The company had revenue of $18.97 million during the quarter, compared to analysts’ expectations of $19.25 million. On average, equities research analysts forecast that Amtech Systems, Inc. will post 0.05 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ASYS shares. Wall Street Zen downgraded shares of Amtech Systems from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Amtech Systems in a report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Amtech Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce”.

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.