Renaissance Technologies LLC Boosts Stake in Amtech Systems, Inc. (ASYS)
Renaissance Technologies LLC boosted its stake in Amtech Systems, Inc. (NASDAQ:ASYS) by 6.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 105,736 shares of the semiconductor company’s stock after buying an additional 6,500 shares during the period. Renaissance Technologies LLC’s holdings in Amtech Systems were worth $582,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ASYS. Dimensional Fund Advisors LP boosted its position in shares of Amtech Systems by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 413,982 shares of the semiconductor company’s stock valued at $2,277,000 after buying an additional 21,630 shares during the period. Pacific Ridge Capital Partners LLC boosted its position in shares of Amtech Systems by 20.3% in the first quarter. Pacific Ridge Capital Partners LLC now owns 343,037 shares of the semiconductor company’s stock valued at $1,887,000 after buying an additional 57,881 shares during the period. Finally, Algert Global LLC purchased a new position in shares of Amtech Systems during the first quarter valued at approximately $147,000. 49.99% of the stock is owned by hedge funds and other institutional investors.
Shares of Amtech Systems, Inc. (NASDAQ:ASYS) traded up 1.19% on Thursday, reaching $11.06. The company had a trading volume of 96,038 shares. The firm has a market capitalization of $147.51 million, a price-to-earnings ratio of 95.34 and a beta of 2.05. The company’s 50-day moving average price is $9.39 and its 200-day moving average price is $7.49. Amtech Systems, Inc. has a 52-week low of $3.99 and a 52-week high of $11.82.
Amtech Systems (NASDAQ:ASYS) last announced its quarterly earnings results on Wednesday, August 9th. The semiconductor company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.30. The company had revenue of $47.76 million during the quarter, compared to analysts’ expectations of $40.40 million. Amtech Systems had a return on equity of 2.34% and a net margin of 1.00%. The firm’s quarterly revenue was up 43.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.09) earnings per share. On average, analysts predict that Amtech Systems, Inc. will post $0.23 earnings per share for the current year.
ASYS has been the subject of several research reports. TheStreet raised Amtech Systems from a “d+” rating to a “c-” rating in a research report on Monday, May 15th. Cowen and Company set a $14.00 target price on Amtech Systems and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Benchmark Co. reaffirmed a “buy” rating and issued a $12.00 target price on shares of Amtech Systems in a research report on Thursday, August 10th. Zacks Investment Research raised Amtech Systems from a “sell” rating to a “hold” rating and set a $8.50 target price for the company in a research report on Tuesday, May 16th. Finally, Roth Capital initiated coverage on Amtech Systems in a research report on Friday, August 4th. They issued a “buy” rating and a $12.00 target price for the company. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $12.63.
In other news, Director Robert F. King sold 4,700 shares of Amtech Systems stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $8.68, for a total value of $40,796.00. Following the completion of the transaction, the director now directly owns 12,900 shares in the company, valued at $111,972. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 34.60% of the stock is currently owned by insiders.
Amtech Systems Company 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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