Amtech Systems (NASDAQ:ASYS) CEO Guy Shechter Buys 3,450 Shares

Amtech Systems, Inc. (NASDAQ:ASYS) CEO Guy Shechter acquired 3,450 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was acquired at an average cost of $14.34 per share, for a total transaction of $49,473.00. Following the acquisition, the chief executive officer owned 53,450 shares of the company’s stock, valued at $766,473. The trade was a 6.90% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Amtech Systems Trading Up 1.8%

NASDAQ ASYS traded up $0.25 during trading hours on Tuesday, hitting $14.25. 230,934 shares of the company’s stock traded hands, compared to its average volume of 379,546. Amtech Systems, Inc. has a 52 week low of $5.63 and a 52 week high of $25.71. The firm has a market capitalization of $249.49 million, a P/E ratio of 54.81 and a beta of 2.02. The business’s fifty day moving average price is $17.59 and its two-hundred day moving average price is $16.48.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Zacks Research lowered Amtech Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Weiss Ratings upgraded Amtech Systems from a “sell (d)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Wall Street Zen raised shares of Amtech Systems from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 17th. Finally, Roth Capital reaffirmed a “buy” rating and set a $22.00 price target on shares of Amtech Systems in a report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $22.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ASYS. California State Teachers Retirement System purchased a new stake in Amtech Systems during the 2nd quarter valued at approximately $86,000. Kestra Advisory Services LLC purchased a new position in shares of Amtech Systems in the fourth quarter worth $88,000. Millennium Management LLC bought a new position in shares of Amtech Systems during the third quarter worth $111,000. Walleye Capital LLC bought a new position in shares of Amtech Systems during the first quarter worth $142,000. Finally, Graham Capital Management L.P. purchased a new position in Amtech Systems during the fourth quarter valued at $158,000. 50.21% of the stock is owned by hedge funds and other institutional investors.

Amtech Systems Company 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.