WealthTrust Axiom LLC Sells 24,500 Shares of Amtech Systems, Inc. $ASYS

WealthTrust Axiom LLC cut its holdings in Amtech Systems, Inc. (NASDAQ:ASYS) by 68.4% during the fourth quarter, HoldingsChannel reports. The firm owned 11,300 shares of the semiconductor company’s stock after selling 24,500 shares during the period. WealthTrust Axiom LLC’s holdings in Amtech Systems were worth $142,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ASYS. Goldman Sachs Group Inc. increased its stake in shares of Amtech Systems by 135.5% in the first quarter. Goldman Sachs Group Inc. now owns 30,066 shares of the semiconductor company’s stock worth $145,000 after purchasing an additional 17,297 shares during the period. Acadian Asset Management LLC increased its stake in shares of Amtech Systems by 90.8% in the first quarter. Acadian Asset Management LLC now owns 42,584 shares of the semiconductor company’s stock worth $204,000 after purchasing an additional 20,264 shares during the period. XTX Topco Ltd bought a new position in shares of Amtech Systems in the second quarter worth about $105,000. Vanguard Group Inc. increased its stake in shares of Amtech Systems by 2.6% in the third quarter. Vanguard Group Inc. now owns 676,006 shares of the semiconductor company’s stock worth $6,260,000 after purchasing an additional 17,099 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Amtech Systems in the third quarter worth about $1,689,000. 50.21% of the stock is currently owned by institutional investors.

Amtech Systems Trading Down 5.0%

NASDAQ ASYS opened at $22.78 on Tuesday. The stock’s 50 day moving average is $18.86 and its two-hundred day moving average is $14.81. The company has a market capitalization of $331.68 million, a price-to-earnings ratio of 134.00 and a beta of 1.99. Amtech Systems, Inc. has a 1-year low of $3.93 and a 1-year high of $25.71.

Amtech Systems (NASDAQ:ASYS) last released its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. The company had revenue of $20.47 million for the quarter, compared to the consensus estimate of $19.50 million. Amtech Systems had a return on equity of 5.58% and a net margin of 3.11%. On average, analysts predict that Amtech Systems, Inc. will post 0.24 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ASYS shares. Zacks Research raised Amtech Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Wall Street Zen raised Amtech Systems from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Roth Mkm reissued a “buy” rating and set a $22.00 target price on shares of Amtech Systems in a research report on Friday, May 8th. Finally, Weiss Ratings raised Amtech Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Amtech Systems currently 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.