Amtech Systems (ASYS) Trading Up -1.4%
Shares of Amtech Systems, Inc. (NASDAQ:ASYS) were up 1.4% during mid-day trading on Friday . The company traded as high as $11.20 and last traded at $10.31. Approximately 89,600 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 149,433 shares. The stock had previously closed at $10.46.
A number of analysts have issued reports on ASYS shares. ValuEngine downgraded shares of Amtech Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 30th. Benchmark restated a “buy” rating and issued a $18.00 target price (up from $12.00) on shares of Amtech Systems in a report on Tuesday, November 21st. Finally, Zacks Investment Research upgraded shares of Amtech Systems from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Tuesday, October 24th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $14.88.
The company has a debt-to-equity ratio of 0.09, a current ratio of 1.83 and a quick ratio of 1.48. The company has a market capitalization of $161.75, a price-to-earnings ratio of 16.89 and a beta of 1.98.
In related news, Director Paul J. Van Der Wansem sold 70,030 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $13.04, for a total transaction of $913,191.20. Following the transaction, the director now directly owns 330,199 shares in the company, valued at approximately $4,305,794.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Garnreiter sold 5,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $10.00, for a total transaction of $50,000.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $50,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 144,292 shares of company stock worth $1,857,068. Insiders own 34.60% of the company’s stock.
Large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Amtech Systems during the 3rd quarter valued at about $102,000. JPMorgan Chase & Co. boosted its position in Amtech Systems by 1,331.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,878 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 8,258 shares during the period. Nationwide Fund Advisors boosted its position in Amtech Systems by 427.8% in the 3rd quarter. Nationwide Fund Advisors now owns 9,500 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 7,700 shares during the period. Virtu KCG Holdings LLC boosted its position in Amtech Systems by 14.6% in the 2nd quarter. Virtu KCG Holdings LLC now owns 14,268 shares of the semiconductor company’s stock valued at $120,000 after buying an additional 1,813 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in Amtech Systems in the 3rd quarter valued at about $148,000. Institutional investors own 59.27% of the company’s stock.
About Amtech Systems
Amtech Systems, Inc is engaged in the manufacture of capital equipment, including thermal processing, silicon wafer handling automation and related consumables used in fabricating solar cells, Light Emitting Diode (LED) and semiconductor devices. The Company operates through three business segments: solar, semiconductor and polishing.
Receive News & Ratings for Amtech Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amtech Systems and related companies with Analyst Ratings Network's FREE daily email newsletter.