Sei Investments Co. Raises Stock Position in Amtech Systems, Inc. $ASYS

Sei Investments Co. lifted its holdings in Amtech Systems, Inc. (NASDAQ:ASYS) by 104.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,515 shares of the semiconductor company’s stock after buying an additional 47,282 shares during the period. Sei Investments Co. owned about 0.64% of Amtech Systems worth $1,081,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in 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 acquiring an additional 17,099 shares in the last quarter. Marshall Wace LLP raised its position in Amtech Systems by 235.0% during the fourth quarter. Marshall Wace LLP now owns 352,624 shares of the semiconductor company’s stock valued at $4,425,000 after purchasing an additional 247,352 shares during the period. Jane Street Group LLC raised its position in Amtech Systems by 85.7% during the fourth quarter. Jane Street Group LLC now owns 325,754 shares of the semiconductor company’s stock valued at $4,088,000 after purchasing an additional 150,332 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of Amtech Systems in the 3rd quarter valued at approximately $1,689,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Amtech Systems by 622.1% in the 4th quarter. Renaissance Technologies LLC now owns 146,596 shares of the semiconductor company’s stock valued at $1,840,000 after purchasing an additional 126,296 shares during the last quarter. 50.21% of the stock is currently owned by hedge funds and other institutional investors.

Amtech Systems Price Performance

Shares of NASDAQ ASYS opened at $15.94 on Thursday. Amtech Systems, Inc. has a 1 year low of $4.60 and a 1 year high of $25.71. The firm has a 50-day simple moving average of $18.47 and a two-hundred day simple moving average of $16.59. The company has a market cap of $279.11 million, a P/E ratio of 61.31 and a beta of 2.02.

Amtech Systems (NASDAQ:ASYS) last issued its quarterly 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 firm had revenue of $22.38 million for the quarter, compared to the consensus estimate of $21.50 million. As a group, equities research analysts expect that Amtech Systems, Inc. will post 0.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ASYS shares. Roth Capital reissued a “buy” rating and set a $22.00 target price on shares of Amtech Systems in a research report on Friday, May 8th. Zacks Research downgraded Amtech Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Weiss Ratings lowered shares of Amtech Systems from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. Finally, 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. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $22.00.

About Amtech Systems

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.