Amtech Systems (NASDAQ:ASYS) CFO Thomas Sabol Purchases 2,000 Shares

Amtech Systems, Inc. (NASDAQ:ASYS) CFO Thomas Sabol acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was purchased at an average cost of $14.13 per share, for a total transaction of $28,260.00. Following the purchase, the chief financial officer owned 2,000 shares of the company’s stock, valued at $28,260. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Amtech Systems Stock Up 0.1%

ASYS opened at $13.85 on Thursday. The stock’s fifty day moving average is $15.69 and its two-hundred day moving average is $16.77. The company has a market capitalization of $242.51 million, a P/E 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) last issued its earnings results on Wednesday, August 5th. The semiconductor company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.04. Amtech Systems had a return on equity of 6.33% and a net margin of 4.90%.The business had revenue of $22.38 million during the quarter, compared to analysts’ expectations of $21.50 million. Equities analysts anticipate that Amtech Systems, Inc. will post 0.33 earnings per share for the current year.

Hedge Funds Weigh In On Amtech Systems

Several institutional investors and hedge funds have recently bought and sold shares of ASYS. Engineers Gate Manager LP increased its stake in shares of Amtech Systems by 2.6% in 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. Empowered Funds LLC raised its holdings in shares of 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. Walleye Capital LLC acquired a new position in Amtech Systems during the first quarter valued at $142,000. NewEdge Advisors LLC lifted its position in Amtech Systems by 84.2% during 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. Finally, 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 last quarter. 50.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Zacks Research downgraded shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded Amtech Systems from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 31st. Finally, Wall Street Zen cut Amtech Systems from a “strong-buy” rating to a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Amtech Systems presently has a consensus rating of “Hold” and an average price target of $22.00.

About Amtech Systems

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.