Sei Investments Co. Boosts Position in Amtech Systems, Inc. $ASYS

Sei Investments Co. boosted its stake in shares of Amtech Systems, Inc. (NASDAQ:ASYS) by 104.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,515 shares of the semiconductor company’s stock after buying an additional 47,282 shares during the quarter. Sei Investments Co.’s holdings in Amtech Systems were worth $1,081,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ASYS. Ritholtz Wealth Management bought a new stake in shares of Amtech Systems during the fourth quarter valued at about $497,000. Merit Financial Group LLC bought a new position in Amtech Systems in the 4th quarter valued at about $464,000. Geode Capital Management LLC grew its position in Amtech Systems by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 133,001 shares of the semiconductor company’s stock valued at $1,670,000 after buying an additional 1,720 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Amtech Systems during the 3rd quarter valued at about $135,000. Finally, Wexford Capital LP acquired a new position in Amtech Systems during the 3rd quarter valued at about $174,000. 50.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ASYS has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Amtech Systems from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 17th. Roth Capital reiterated a “buy” rating and set a $22.00 price objective on shares of Amtech Systems in a research note on Friday, May 8th. Weiss Ratings cut Amtech Systems from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 28th. Finally, Zacks Research downgraded Amtech Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.00.

Amtech Systems Stock Up 3.5%

ASYS opened at $15.94 on Thursday. The firm has a market cap of $279.11 million, a PE ratio of 61.31 and a beta of 2.02. The business has a fifty day simple moving average of $18.47 and a 200-day simple moving average of $16.59. Amtech Systems, Inc. has a fifty-two week low of $4.60 and a fifty-two week high of $25.71.

Amtech Systems (NASDAQ:ASYS) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The company had revenue of $22.38 million for the quarter, compared to analyst estimates of $21.50 million. Amtech Systems had a return on equity of 6.33% and a net margin of 4.90%. On average, equities research analysts anticipate that Amtech Systems, Inc. will post 0.24 EPS for the current fiscal year.

Amtech Systems Profile

Amtech Systems, Inc is a global supplier of capital equipment and aftermarket parts for the solar photovoltaic and semiconductor industries. The company’s solutions support key steps in wafer and cell production, offering both new machinery and spares designed to optimize yield, throughput and energy efficiency. Amtech operates through two primary segments: solar manufacturing and semiconductor & electronics packaging.

In its solar segment, Amtech provides diffusion furnaces, epitaxy reactors and plasma-enhanced chemical vapor deposition (PECVD) systems used in high-volume solar cell fabrication.