Amtech Systems, Inc. (NASDAQ:ASYS - Get Free Report) 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. The trade was a 6.90% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Amtech Systems Trading Up 1.8%
Amtech Systems stock opened at $14.25 on Wednesday. The business's 50 day simple moving average is $17.44 and its 200 day simple moving average is $16.47. Amtech Systems, Inc. has a 12 month low of $5.63 and a 12 month high of $25.71. The company has a market cap of $249.52 million, a price-to-earnings ratio of 54.81 and a beta of 2.02.
Amtech Systems (NASDAQ:ASYS - Get Free Report) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.04. The business had revenue of $22.38 million during the quarter, compared to the consensus estimate 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 fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on ASYS. Zacks Research lowered shares of Amtech Systems from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 23rd. Roth Capital reiterated a "buy" rating and issued a $22.00 price objective on shares of Amtech Systems in a research note on Friday, May 8th. Weiss Ratings raised shares of Amtech Systems from a "sell (d)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. Finally, Wall Street Zen upgraded Amtech Systems from a "buy" rating to a "strong-buy" rating in a research report on Sunday, May 17th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Amtech Systems presently has an average rating of "Hold" and a consensus target price of $22.00.
View Our Latest Report on ASYS
Institutional Investors Weigh In On Amtech Systems
A number of institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its position in Amtech Systems by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 133,001 shares of the semiconductor company's stock worth $1,670,000 after acquiring an additional 1,720 shares in the last quarter. Empowered Funds LLC lifted its stake in Amtech Systems by 9.5% during the first quarter. Empowered Funds LLC now owns 32,318 shares of the semiconductor company's stock worth $377,000 after purchasing an additional 2,800 shares during the last quarter. California State Teachers Retirement System bought a new stake in Amtech Systems during the second quarter worth about $86,000. Janney Montgomery Scott LLC boosted its holdings in shares of Amtech Systems by 15.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 30,760 shares of the semiconductor company's stock worth $386,000 after purchasing an additional 4,060 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Amtech Systems in the 4th quarter worth about $88,000. 50.21% of the stock is owned by hedge funds and other institutional investors.
Amtech Systems Company Profile
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Get Free Report)
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.
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