Amtech Systems (NASDAQ:ASYS) CFO Purchases $28,260.00 in Stock

Amtech Systems, Inc. (NASDAQ:ASYS) CFO Thomas Sabol bought 2,000 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were purchased at an average cost of $14.13 per share, with a total value of $28,260.00. Following the purchase, the chief financial officer directly owned 2,000 shares of the company’s stock, valued at $28,260. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Amtech Systems Stock Performance

Shares of ASYS stock traded up $0.20 during mid-day trading on Wednesday, hitting $14.04. The company’s stock had a trading volume of 102,376 shares, compared to its average volume of 375,214. The company’s fifty day simple moving average is $15.77 and its 200-day simple moving average is $16.76. Amtech Systems, Inc. has a 52 week low of $6.75 and a 52 week high of $25.71. The company has a market cap of $245.75 million, a PE ratio of 53.98 and a beta of 2.01.

Amtech Systems (NASDAQ:ASYS) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.14 EPS for the quarter, beating 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 company had revenue of $22.38 million for the quarter, compared to analyst estimates of $21.50 million. On average, equities analysts anticipate that Amtech Systems, Inc. will post 0.33 earnings per share for the current year.

Institutional Trading of Amtech Systems

Several hedge funds have recently bought and sold shares of the business. AWM Investment Company Inc. acquired a new position in Amtech Systems during the second quarter worth $15,925,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Amtech Systems by 5.3% during 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 during the last quarter. Sei Investments Co. grew its holdings in shares of Amtech Systems by 104.5% during the first quarter. Sei Investments Co. now owns 92,515 shares of the semiconductor company’s stock valued at $1,081,000 after buying an additional 47,282 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Amtech Systems during the second quarter worth about $959,000. Finally, Engineers Gate Manager LP increased its position in shares of Amtech Systems by 2.6% during 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 in the last quarter. Institutional investors and hedge funds own 50.21% of the company’s stock.

Analyst Upgrades and Downgrades

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