Amtech Systems (NASDAQ:ASYS) CFO Acquires $28,260.00 in Stock

Amtech Systems, Inc. (NASDAQ:ASYS) CFO Thomas Sabol acquired 2,000 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were bought at an average cost of $14.13 per share, for a total transaction of $28,260.00. Following the completion of the acquisition, the chief financial officer directly owned 2,000 shares of the company’s stock, valued at approximately $28,260. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Amtech Systems Trading Up 2.5%

Shares of ASYS opened at $14.20 on Friday. Amtech Systems, Inc. has a 1 year low of $6.75 and a 1 year high of $25.71. The stock has a 50 day simple moving average of $15.51 and a 200-day simple moving average of $16.75. The stock has a market cap of $248.64 million, a PE ratio of 54.62 and a beta of 2.01.

Amtech Systems (NASDAQ:ASYS) last posted its earnings results on Wednesday, August 5th. The semiconductor company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.10 by $0.04. Amtech Systems had a return on equity of 6.33% and a net margin of 4.90%.The business had revenue of $22.38 million during the quarter, compared to the consensus estimate of $21.50 million. On average, sell-side analysts forecast that Amtech Systems, Inc. will post 0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ASYS. Zacks Research lowered shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Wall Street Zen lowered Amtech Systems from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 14th. Finally, Weiss Ratings cut Amtech Systems from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Amtech Systems presently has an average rating of “Hold” and a consensus price target of $22.00.

Hedge Funds Weigh In On Amtech Systems

A number of institutional investors have recently modified their holdings of ASYS. Walleye Capital LLC acquired a new position in shares of Amtech Systems during the first quarter worth approximately $142,000. Bank of America Corp DE lifted its holdings in Amtech Systems by 28,941.0% during the 1st quarter. Bank of America Corp DE now owns 22,652 shares of the semiconductor company’s stock worth $265,000 after buying an additional 22,574 shares in the last quarter. State of Wyoming acquired a new position in Amtech Systems during the 1st quarter worth $277,000. Hillsdale Investment Management Inc. bought a new position in Amtech Systems in the 1st quarter valued at $296,000. Finally, NewEdge Advisors LLC increased its stake in shares of Amtech Systems by 84.2% in the 1st quarter. NewEdge Advisors LLC now owns 26,891 shares of the semiconductor company’s stock valued at $314,000 after buying an additional 12,291 shares during the period. 50.21% of the stock is owned by institutional investors.

About Amtech Systems

Amtech Systems, Inc is a semiconductor equipment manufacturer that designs, develops and produces thermal processing systems used in the fabrication of semiconductor devices. Its equipment is intended for applications including wafer processing, diffusion, oxidation, annealing and other high-temperature manufacturing steps.

The company’s product portfolio has included batch and single-wafer processing systems, rapid thermal processing equipment, and related automation, controls and aftermarket services.