Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in shares of Amtech Systems, Inc. (NASDAQ:ASYS) by 26.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,523 shares of the semiconductor company’s stock after selling 3,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Amtech Systems worth $47,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. OLD Second National Bank of Aurora raised its position in Amtech Systems by 107.4% during the 2nd quarter. OLD Second National Bank of Aurora now owns 7,313 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 3,787 shares during the last quarter. Bank of New York Mellon Corp raised its position in Amtech Systems by 31.3% during the 4th quarter. Bank of New York Mellon Corp now owns 20,171 shares of the semiconductor company’s stock worth $91,000 after purchasing an additional 4,804 shares during the last quarter. Bailard Inc. bought a new position in Amtech Systems during the 2nd quarter worth $149,000. Pacific Ridge Capital Partners LLC raised its position in Amtech Systems by 18.5% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 715,148 shares of the semiconductor company’s stock worth $3,812,000 after purchasing an additional 111,546 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Amtech Systems by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,261,386 shares of the semiconductor company’s stock worth $5,714,000 after purchasing an additional 10,562 shares during the last quarter. 54.57% of the stock is owned by institutional investors and hedge funds.

Shares of ASYS traded down $0.12 during trading hours on Friday, hitting $5.09. The stock had a trading volume of 18,453 shares, compared to its average volume of 45,449. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.34 and a quick ratio of 2.76. The firm has a 50 day simple moving average of $5.67 and a 200-day simple moving average of $5.69. The firm has a market capitalization of $74.47 million, a P/E ratio of 8.92 and a beta of 2.17. Amtech Systems, Inc. has a 1-year low of $4.03 and a 1-year high of $7.18.

Amtech Systems (NASDAQ:ASYS) last issued its earnings results on Thursday, August 8th. The semiconductor company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.05. The company had revenue of $21.00 million during the quarter, compared to the consensus estimate of $19.69 million. Amtech Systems had a negative return on equity of 3.60% and a negative net margin of 14.93%. The firm’s revenue for the quarter was down 26.9% compared to the same quarter last year. During the same period last year, the business posted $0.33 EPS. Equities analysts predict that Amtech Systems, Inc. will post 0.16 EPS for the current fiscal year.

Separately, Zacks Investment Research lowered Amtech Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $6.17.

Amtech Systems Profile

Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating solar cells, light-emitting diodes (LEDs), and semiconductor devices in the United States, Europe, China, Malaysia, Taiwan, Germany, the Netherlands, France, and internationally. The company operates through three segments: Solar, Semiconductor, and Polishing.

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

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