PDT Partners LLC acquired a new position in shares of Amtech Systems, Inc. (NASDAQ:ASYS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,600 shares of the semiconductor company’s stock, valued at approximately $225,000. PDT Partners LLC owned approximately 0.20% of Amtech Systems as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ASYS. Janney Montgomery Scott LLC increased its position in shares of Amtech Systems by 219.7% during the second quarter. Janney Montgomery Scott LLC now owns 123,412 shares of the semiconductor company’s stock worth $1,042,000 after acquiring an additional 84,812 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Amtech Systems by 12.7% during the second quarter. Dimensional Fund Advisors LP now owns 466,683 shares of the semiconductor company’s stock worth $3,939,000 after acquiring an additional 52,701 shares in the last quarter. EAM Investors LLC bought a new stake in shares of Amtech Systems during the second quarter worth $435,000. Algert Global LLC increased its position in shares of Amtech Systems by 149.7% during the second quarter. Algert Global LLC now owns 66,572 shares of the semiconductor company’s stock worth $562,000 after acquiring an additional 39,912 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Amtech Systems by 6.6% during the first quarter. Renaissance Technologies LLC now owns 105,736 shares of the semiconductor company’s stock worth $582,000 after acquiring an additional 6,500 shares in the last quarter. 49.99% of the stock is owned by institutional investors.

Amtech Systems, Inc. (NASDAQ ASYS) opened at 12.44 on Tuesday. Amtech Systems, Inc. has a 52-week low of $3.99 and a 52-week high of $13.06. The company has a market cap of $165.91 million, a P/E ratio of 107.24 and a beta of 2.11. The company has a 50-day moving average of $11.32 and a 200-day moving average of $8.72.

Amtech Systems (NASDAQ:ASYS) last released its quarterly earnings data on Wednesday, August 9th. The semiconductor company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.30. Amtech Systems had a net margin of 1.00% and a return on equity of 2.34%. The firm had revenue of $47.76 million for the quarter, compared to the consensus estimate of $40.40 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The business’s revenue was up 43.3% on a year-over-year basis. On average, equities research analysts expect that Amtech Systems, Inc. will post $0.23 earnings per share for the current fiscal year.

ASYS has been the subject of several research reports. Roth Capital initiated coverage on shares of Amtech Systems in a research report on Friday, August 4th. They set a “buy” rating and a $12.00 price objective for the company. Zacks Investment Research raised shares of Amtech Systems from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective for the company in a research report on Wednesday, August 16th. Cowen and Company reissued an “outperform” rating and set a $13.50 price objective (up previously from $10.50) on shares of Amtech Systems in a research report on Thursday, August 10th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $12.63.

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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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Institutional Ownership by Quarter for Amtech Systems (NASDAQ:ASYS)

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