Amtech Systems, Inc. (NASDAQ:ASYS) Shares Bought by Algert Global LLC

Algert Global LLC raised its stake in shares of Amtech Systems, Inc. (NASDAQ:ASYS) by 149.7% during the second quarter, Holdings Channel reports. The fund owned 66,572 shares of the semiconductor company’s stock after buying an additional 39,912 shares during the period. Algert Global LLC’s holdings in Amtech Systems were worth $562,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. Ironwood Investment Management LLC raised its stake in shares of Amtech Systems by 6.4% in the first quarter. Ironwood Investment Management LLC now owns 39,978 shares of the semiconductor company’s stock valued at $220,000 after buying an additional 2,398 shares during the last quarter. WealthTrust Axiom LLC raised its stake in shares of Amtech Systems by 7.7% in the first quarter. WealthTrust Axiom LLC now owns 59,937 shares of the semiconductor company’s stock valued at $329,000 after buying an additional 4,308 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Amtech Systems by 29.5% in the fourth quarter. Renaissance Technologies LLC now owns 99,236 shares of the semiconductor company’s stock valued at $422,000 after buying an additional 22,600 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Amtech Systems by 219.7% in the second quarter. Janney Montgomery Scott LLC now owns 123,412 shares of the semiconductor company’s stock valued at $1,042,000 after buying an additional 84,812 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its stake in shares of Amtech Systems by 20.3% in the first quarter. Pacific Ridge Capital Partners LLC now owns 343,037 shares of the semiconductor company’s stock valued at $1,887,000 after buying an additional 57,881 shares during the last quarter. Institutional investors own 53.65% of the company’s stock.

Amtech Systems, Inc. (NASDAQ:ASYS) opened at 10.50 on Friday. The company’s 50-day moving average price is $8.78 and its 200-day moving average price is $7.11. Amtech Systems, Inc. has a 1-year low of $3.99 and a 1-year high of $11.82. The firm’s market capitalization is $138.60 million.

Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings data on Wednesday, August 9th. The semiconductor company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.30. The business had revenue of $47.76 million for the quarter, compared to analysts’ expectations of $40.40 million. Amtech Systems had a return on equity of 2.37% and a net margin of 1.00%. The business’s revenue was up 43.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.09) EPS. Equities research analysts expect that Amtech Systems, Inc. will post ($0.06) earnings per share for the current fiscal year.

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Several brokerages recently commented on ASYS. Cowen and Company set a $14.00 target price on Amtech Systems and gave the company a “buy” rating in a research report on Wednesday. Benchmark Co. restated a “buy” rating and set a $12.00 target price on shares of Amtech Systems in a research report on Thursday. Roth Capital began coverage on Amtech Systems in a research report on Friday, August 4th. They set a “buy” rating and a $12.00 target price on the stock. ValuEngine upgraded Amtech Systems from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. Finally, TheStreet upgraded Amtech Systems from a “d+” rating to a “c-” rating in a research report on Monday, May 15th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $11.50.

In other Amtech Systems news, Director Robert F. King sold 4,700 shares of Amtech Systems stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $8.68, for a total transaction of $40,796.00. Following the sale, the director now directly owns 12,900 shares of the company’s stock, valued at approximately $111,972. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 34.60% of the company’s stock.

Amtech Systems Company Profile

Amtech Systems, Inc is engaged in the manufacture of capital equipment, including thermal processing, silicon wafer handling automation and related consumables used in fabricating solar cells, Light Emitting Diode (LED) and semiconductor devices. The Company operates through three business segments: solar, semiconductor and polishing.

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Institutional Ownership by Quarter for Amtech Systems (NASDAQ:ASYS)

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