Insider Buying: Amtech Systems (NASDAQ:ASYS) CEO Acquires $49,473.00 in Stock

Amtech Systems, Inc. (NASDAQ:ASYS) CEO Guy Shechter purchased 3,450 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer owned 53,450 shares of the company’s stock, valued at approximately $766,473. The trade was a 6.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Amtech Systems Stock Performance

Amtech Systems stock opened at $15.83 on Friday. The company’s 50 day simple moving average is $17.19 and its 200-day simple moving average is $16.50. Amtech Systems, Inc. has a 1 year low of $5.63 and a 1 year high of $25.71. The company has a market capitalization of $277.15 million, a price-to-earnings ratio of 60.88 and a beta of 2.02.

Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. Amtech Systems had a net margin of 4.90% and a return on equity of 6.33%. The firm had revenue of $22.38 million during the quarter, compared to analysts’ expectations of $21.50 million. Equities analysts expect that Amtech Systems, Inc. will post 0.33 earnings per share for the current year.

Hedge Funds Weigh In On Amtech Systems

Institutional investors have recently modified their holdings of the business. AWM Investment Company Inc. purchased a new stake in shares of Amtech Systems during the second quarter worth $15,925,000. Vanguard Group Inc. boosted its holdings in Amtech Systems by 2.6% in the third quarter. Vanguard Group Inc. now owns 676,006 shares of the semiconductor company’s stock valued at $6,260,000 after purchasing an additional 17,099 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in 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 purchasing an additional 18,354 shares during the period. Marshall Wace LLP grew its stake in Amtech Systems by 235.0% during the 4th quarter. Marshall Wace LLP now owns 352,624 shares of the semiconductor company’s stock worth $4,425,000 after purchasing an additional 247,352 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in Amtech Systems by 85.7% during the 4th quarter. Jane Street Group LLC now owns 325,754 shares of the semiconductor company’s stock worth $4,088,000 after purchasing an additional 150,332 shares in the last quarter. Institutional investors and hedge funds own 50.21% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Zacks Research cut Amtech Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Wall Street Zen upgraded Amtech Systems from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 17th. Weiss Ratings upgraded Amtech Systems from a “sell (d)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $22.00 target price on shares of Amtech Systems in a research report on Friday, May 8th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Amtech Systems presently has an average rating of “Hold” and an average target price of $22.00.

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.