Citadel Advisors LLC raised its position in shares of Amtech Systems, Inc. (NASDAQ:ASYS) by 182.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,474 shares of the semiconductor company’s stock after acquiring an additional 31,331 shares during the period. Citadel Advisors LLC’s holdings in Amtech Systems were worth $488,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in Amtech Systems by 18.5% during the third quarter. Dimensional Fund Advisors LP now owns 553,201 shares of the semiconductor company’s stock valued at $6,627,000 after acquiring an additional 86,518 shares during the period. Alambic Investment Management L.P. boosted its holdings in Amtech Systems by 328.1% during the fourth quarter. Alambic Investment Management L.P. now owns 245,304 shares of the semiconductor company’s stock valued at $2,470,000 after acquiring an additional 188,008 shares during the period. Algert Global LLC boosted its holdings in Amtech Systems by 16.9% during the fourth quarter. Algert Global LLC now owns 197,853 shares of the semiconductor company’s stock valued at $1,992,000 after acquiring an additional 28,582 shares during the period. Systematic Financial Management LP bought a new stake in Amtech Systems during the fourth quarter valued at about $1,379,000. Finally, Macquarie Group Ltd. bought a new stake in Amtech Systems during the third quarter valued at about $1,224,000. Institutional investors own 63.74% of the company’s stock.
Shares of Amtech Systems, Inc. (NASDAQ ASYS) opened at $8.27 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.35 and a quick ratio of 1.96. Amtech Systems, Inc. has a one year low of $5.16 and a one year high of $15.45. The firm has a market cap of $121.24, a PE ratio of 7.61 and a beta of 1.96.
In related news, Director Michael Garnreiter sold 5,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $10.00, for a total value of $50,000.00. Following the completion of the sale, the director now owns 5,000 shares in the company, valued at $50,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert F. King sold 17,699 shares of the stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $11.25, for a total transaction of $199,113.75. Following the completion of the sale, the director now owns 10,200 shares of the company’s stock, valued at approximately $114,750. The disclosure for this sale can be found here. 34.60% of the stock is currently owned by company insiders.
ASYS has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Amtech Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 21st. Zacks Investment Research upgraded shares of Amtech Systems from a “sell” rating to a “hold” rating in a report on Monday, January 22nd. Finally, Benchmark restated a “buy” rating and set a $18.00 price target (up from $12.00) on shares of Amtech Systems in a report on Tuesday, November 21st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Amtech Systems currently has a consensus rating of “Buy” and a consensus target price of $14.88.
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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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