Key Points
- CFO Thomas Sabol purchased 2,000 Amtech Systems shares at an average price of $14.13, investing $28,260 and establishing direct ownership of 2,000 shares.
- Amtech Systems recently exceeded quarterly expectations, reporting EPS of $0.14 versus the $0.10 consensus and revenue of $22.38 million versus $21.50 million expected.
- Analyst sentiment is generally cautious: the stock carries a consensus “Hold” rating from four analysts, with a target price of $22.00, while institutional investors own 50.21% of the company.
Amtech Systems, Inc. (NASDAQ:ASYS - Get Free Report) CFO Thomas Sabol bought 2,000 shares of the stock in a transaction dated Monday, September 14th. The stock was bought at an average price of $14.13 per share, for a total transaction of $28,260.00. Following the purchase, the chief financial officer directly owned 2,000 shares of the company's stock, valued at approximately $28,260. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Amtech Systems Stock Up 0.1%
Amtech Systems stock opened at $13.85 on Thursday. The business's 50-day moving average price is $15.69 and its 200 day moving average price is $16.77. The firm has a market cap of $242.51 million, a price-to-earnings ratio of 53.27 and a beta of 2.01. Amtech Systems, Inc. has a 52 week low of $6.75 and a 52 week high of $25.71.
Amtech Systems (NASDAQ:ASYS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.04. Amtech Systems had a return on equity of 6.33% and a net margin of 4.90%.The company had revenue of $22.38 million during the quarter, compared to the consensus estimate of $21.50 million. Equities analysts expect that Amtech Systems, Inc. will post 0.33 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. WINTON GROUP Ltd purchased a new stake in Amtech Systems in the 2nd quarter worth $654,000. Engineers Gate Manager LP raised its position in Amtech Systems by 2.6% during the second quarter. Engineers Gate Manager LP now owns 38,552 shares of the semiconductor company's stock worth $890,000 after acquiring an additional 972 shares during the period. AWM Investment Company Inc. purchased a new position in Amtech Systems during the second quarter valued at $15,925,000. Bank of New York Mellon Corp purchased a new position in Amtech Systems during the second quarter valued at $959,000. Finally, NewEdge Advisors LLC grew its position in shares of Amtech Systems by 84.2% in the first quarter. NewEdge Advisors LLC now owns 26,891 shares of the semiconductor company's stock valued at $314,000 after purchasing an additional 12,291 shares during the period. Hedge funds and other institutional investors own 50.21% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Wall Street Zen cut shares of Amtech Systems from a "strong-buy" rating to a "buy" rating in a research note on Monday. Weiss Ratings raised shares of Amtech Systems from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 31st. Finally, Zacks Research downgraded shares of Amtech Systems from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $22.00.
Get Our Latest Research Report on ASYS
About Amtech Systems
(
Get Free Report)
Amtech Systems, Inc is a semiconductor equipment manufacturer that designs, develops and produces thermal processing systems used in the fabrication of semiconductor devices. Its equipment is intended for applications including wafer processing, diffusion, oxidation, annealing and other high-temperature manufacturing steps.
The company's product portfolio has included batch and single-wafer processing systems, rapid thermal processing equipment, and related automation, controls and aftermarket services.
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