Robert C. Daigle Buys 5,000 Shares of Amtech Systems, Inc. (NASDAQ:ASYS) Stock

Amtech Systems, Inc. (NASDAQ:ASYS) CEO Robert C. Daigle acquired 5,000 shares of the stock in a transaction dated Wednesday, May 14th. The stock was bought at an average price of $3.48 per share, for a total transaction of $17,400.00. Following the completion of the purchase, the chief executive officer now owns 154,037 shares in the company, valued at approximately $536,048.76. This trade represents a 3.35% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Amtech Systems Stock Up 0.9%

Shares of ASYS stock opened at $3.52 on Monday. The company has a market capitalization of $50.39 million, a P/E ratio of 44.01 and a beta of 1.53. Amtech Systems, Inc. has a 12-month low of $3.20 and a 12-month high of $6.96. The firm has a 50-day moving average price of $4.10 and a 200 day moving average price of $4.96.

Institutional Trading of Amtech Systems

Several hedge funds have recently modified their holdings of ASYS. AMH Equity Ltd boosted its stake in Amtech Systems by 137.0% in the first quarter. AMH Equity Ltd now owns 97,583 shares of the semiconductor company’s stock worth $471,000 after purchasing an additional 56,408 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Amtech Systems by 6.6% in the fourth quarter. First Eagle Investment Management LLC now owns 834,922 shares of the semiconductor company’s stock valued at $4,550,000 after buying an additional 51,555 shares during the last quarter. Kovack Advisors Inc. grew its holdings in Amtech Systems by 225.9% during the 4th quarter. Kovack Advisors Inc. now owns 65,500 shares of the semiconductor company’s stock worth $357,000 after acquiring an additional 45,400 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Amtech Systems in the 4th quarter valued at about $203,000. Finally, Sowell Financial Services LLC bought a new position in shares of Amtech Systems in the first quarter worth about $159,000. Institutional investors and hedge funds own 50.21% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Amtech Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, May 14th.

About Amtech Systems

Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs) worldwide. The company operates through Semiconductor and Material and Substrate segments.