Guy Shechter Purchases 3,450 Shares of Amtech Systems (NASDAQ:ASYS) Stock

Amtech Systems, Inc. (NASDAQ:ASYS) CEO Guy Shechter bought 3,450 shares of Amtech Systems stock in a transaction on Monday, August 24th. The shares were purchased at an average price of $14.34 per share, for a total transaction of $49,473.00. Following the acquisition, the chief executive officer directly owned 53,450 shares in the company, valued at approximately $766,473. This trade represents a 6.90% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Amtech Systems Stock Up 1.8%

Shares of NASDAQ:ASYS traded up $0.25 during trading on Tuesday, hitting $14.25. The stock had a trading volume of 230,934 shares, compared to its average volume of 379,546. The company has a market capitalization of $249.49 million, a PE ratio of 54.81 and a beta of 2.02. The firm’s fifty day moving average is $17.59 and its 200 day moving average is $16.48. Amtech Systems, Inc. has a 12 month low of $5.63 and a 12 month high of $25.71.

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

Institutional Investors Weigh In On Amtech Systems

Institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in Amtech Systems by 135.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 30,066 shares of the semiconductor company’s stock worth $145,000 after acquiring an additional 17,297 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Amtech Systems by 90.8% during the 1st quarter. Acadian Asset Management LLC now owns 42,584 shares of the semiconductor company’s stock valued at $204,000 after purchasing an additional 20,264 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Amtech Systems in the 2nd quarter worth $105,000. Vanguard Group Inc. raised 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 last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Amtech Systems during the 3rd quarter valued at about $1,689,000. Hedge funds and other institutional investors own 50.21% of the company’s stock.

Analysts Set New Price Targets

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