Amtech Systems, Inc. (NASDAQ:ASYS) Short Interest Update

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Amtech Systems, Inc. (NASDAQ:ASYS) was the target of a large decrease in short interest in the month of March. As of March 13th, there was short interest totalling 34,900 shares, a decrease of 36.5% from the February 27th total of 55,000 shares. Based on an average daily trading volume, of 72,700 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the company’s stock are short sold.

In other news, Director Robert M. Averick purchased 21,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were acquired at an average cost of $5.30 per share, with a total value of $113,950.00. Also, Director Robert M. Averick purchased 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were purchased at an average cost of $5.11 per share, for a total transaction of $43,435.00. Following the completion of the purchase, the director now owns 200,000 shares in the company, valued at approximately $1,022,000. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 35,115 shares of company stock worth $177,334. 19.80% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its holdings in Amtech Systems by 7,568.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,751 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 5,676 shares in the last quarter. Millennium Management LLC increased its holdings in Amtech Systems by 434.5% during the 3rd quarter. Millennium Management LLC now owns 11,372 shares of the semiconductor company’s stock worth $60,000 after purchasing an additional 14,772 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Amtech Systems by 61.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,723 shares of the semiconductor company’s stock valued at $98,000 after acquiring an additional 5,200 shares in the last quarter. Ibex Investors LLC bought a new position in shares of Amtech Systems in the fourth quarter valued at approximately $376,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Amtech Systems by 7.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 53,525 shares of the semiconductor company’s stock valued at $383,000 after acquiring an additional 3,750 shares in the last quarter. 39.97% of the stock is owned by hedge funds and other institutional investors.

Shares of ASYS opened at $4.48 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.61 and a current ratio of 4.24. The stock has a 50 day moving average price of $4.90 and a two-hundred day moving average price of $5.74. The firm has a market capitalization of $63.03 million, a P/E ratio of -13.18 and a beta of 1.98. Amtech Systems has a 52 week low of $3.55 and a 52 week high of $7.96.

Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.21. The firm had revenue of $20.69 million during the quarter, compared to analyst estimates of $16.00 million. Amtech Systems had a positive return on equity of 4.45% and a negative net margin of 5.72%. On average, equities analysts forecast that Amtech Systems will post -0.04 earnings per share for the current year.

A number of research firms recently weighed in on ASYS. Zacks Investment Research raised Amtech Systems from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a research note on Friday, March 13th. ValuEngine raised Amtech Systems from a “sell” rating to a “hold” rating in a report on Friday, March 6th.

Amtech Systems Company Profile

Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating solar cells, light-emitting diodes (LEDs), and semiconductor devices in the United States, Europe, China, Malaysia, Taiwan, Germany, the Netherlands, France, and internationally. The company operates through three segments: Solar, Semiconductor, and Polishing.

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