Amtech Systems, Inc. $ASYS Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its position in shares of Amtech Systems, Inc. (NASDAQ:ASYS) by 26.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 108,096 shares of the semiconductor company’s stock after selling 38,500 shares during the quarter. Renaissance Technologies LLC’s holdings in Amtech Systems were worth $1,263,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its position in shares of Amtech Systems by 5.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 365,387 shares of the semiconductor company’s stock valued at $4,268,000 after buying an additional 18,354 shares in the last quarter. Sei Investments Co. boosted its position in shares of Amtech Systems by 104.5% in the 1st quarter. Sei Investments Co. now owns 92,515 shares of the semiconductor company’s stock worth $1,081,000 after buying an additional 47,282 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of Amtech Systems in the 1st quarter worth about $142,000. State of Wyoming acquired a new stake in Amtech Systems in the 1st quarter valued at about $277,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in Amtech Systems in the 1st quarter valued at about $296,000. Institutional investors and hedge funds own 50.21% of the company’s stock.

Wall Street Analysts Forecast Growth

ASYS has been the subject of several recent research reports. Weiss Ratings upgraded shares of Amtech Systems from a “sell (d)” rating to a “hold (c-)” rating in a report on Tuesday. Zacks Research downgraded shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Wall Street Zen upgraded shares of Amtech Systems from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Finally, Roth Capital reissued a “buy” rating and set a $22.00 price objective on shares of Amtech Systems in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amtech Systems currently has an average rating of “Hold” and a consensus target price of $22.00.

Amtech Systems Stock Up 0.4%

ASYS opened at $16.00 on Friday. The firm has a market cap of $280.16 million, a P/E ratio of 61.54 and a beta of 2.02. Amtech Systems, Inc. has a 52 week low of $4.90 and a 52 week high of $25.71. The business’s fifty day simple moving average is $18.35 and its 200 day simple moving average is $16.58.

Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.14 EPS for the quarter, topping 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 firm had revenue of $22.38 million during the quarter, compared to analysts’ expectations of $21.50 million. As a group, equities analysts expect that Amtech Systems, Inc. will post 0.24 EPS for the current fiscal year.

Amtech Systems Company Profile

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.