Williams & Novak LLC Increases Stock Position in Amtech Systems, Inc. $ASYS

Williams & Novak LLC grew its position in Amtech Systems, Inc. (NASDAQ:ASYS) by 24.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 18,385 shares of the semiconductor company’s stock after purchasing an additional 3,650 shares during the period. Williams & Novak LLC’s holdings in Amtech Systems were worth $82,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Kovack Advisors Inc. raised its holdings in shares of Amtech Systems by 15.1% in the first quarter. Kovack Advisors Inc. now owns 75,400 shares of the semiconductor company’s stock valued at $364,000 after purchasing an additional 9,900 shares during the last quarter. Millennium Management LLC increased its holdings in Amtech Systems by 82.7% during the fourth quarter. Millennium Management LLC now owns 22,706 shares of the semiconductor company’s stock worth $124,000 after buying an additional 10,281 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Amtech Systems by 135.5% during the first quarter. Goldman Sachs Group Inc. now owns 30,066 shares of the semiconductor company’s stock worth $145,000 after buying an additional 17,297 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Amtech Systems by 90.8% during the first quarter. Acadian Asset Management LLC now owns 42,584 shares of the semiconductor company’s stock worth $204,000 after buying an additional 20,264 shares during the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in Amtech Systems during the first quarter worth about $159,000. Hedge funds and other institutional investors own 50.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on ASYS shares. Zacks Research downgraded shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Weiss Ratings restated a “sell (d-)” rating on shares of Amtech Systems in a report on Wednesday. Finally, Wall Street Zen upgraded shares of Amtech Systems from a “sell” rating to a “hold” rating in a report on Friday, September 5th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Amtech Systems presently has an average rating of “Reduce”.

Amtech Systems Stock Down 11.5%

ASYS opened at $8.85 on Friday. The company has a market capitalization of $126.64 million, a price-to-earnings ratio of -3.95 and a beta of 1.65. The firm has a 50-day moving average price of $7.35 and a 200-day moving average price of $5.25. Amtech Systems, Inc. has a twelve month low of $3.20 and a twelve month high of $10.80.

Amtech Systems Profile

Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs) worldwide. The company operates through Semiconductor and Material and Substrate segments.