Highbridge Capital Management LLC Takes Position in Amtech Systems, Inc. (ASYS)
Highbridge Capital Management LLC acquired a new stake in Amtech Systems, Inc. (NASDAQ:ASYS) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,085 shares of the semiconductor company’s stock, valued at approximately $168,000. Highbridge Capital Management LLC owned 0.10% of Amtech Systems at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in shares of Amtech Systems by 18.5% in the third quarter. Dimensional Fund Advisors LP now owns 553,201 shares of the semiconductor company’s stock valued at $6,627,000 after acquiring an additional 86,518 shares during the period. Citadel Advisors LLC bought a new stake in shares of Amtech Systems during the 3rd quarter valued at about $205,000. JPMorgan Chase & Co. boosted its stake in shares of Amtech Systems by 1,331.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,878 shares of the semiconductor company’s stock valued at $104,000 after purchasing an additional 8,258 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Amtech Systems during the 3rd quarter valued at about $102,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Amtech Systems during the 3rd quarter valued at about $308,000. Hedge funds and other institutional investors own 59.27% of the company’s stock.
In related news, Director Paul J. Van Der Wansem sold 50,662 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $13.04, for a total transaction of $660,632.48. Following the sale, the director now owns 330,199 shares of the company’s stock, valued at $4,305,794.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul J. Van Der Wansem sold 70,030 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $13.04, for a total transaction of $913,191.20. Following the sale, the director now directly owns 330,199 shares in the company, valued at approximately $4,305,794.96. The disclosure for this sale can be found here. Insiders have sold a total of 144,292 shares of company stock worth $1,857,068 in the last ninety days. Insiders own 34.60% of the company’s stock.
A number of brokerages have recently weighed in on ASYS. Zacks Investment Research lowered shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Benchmark reaffirmed a “buy” rating and set a $18.00 target price (up previously from $12.00) on shares of Amtech Systems in a research note on Tuesday, November 21st. Finally, ValuEngine lowered shares of Amtech Systems from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 30th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $14.88.
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Amtech Systems Profile
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.
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