Thomas Sabol Acquires 2,000 Shares of Amtech Systems (NASDAQ:ASYS) Stock

Amtech Systems, Inc. (NASDAQ:ASYS) CFO Thomas Sabol bought 2,000 shares of the stock in a transaction dated Monday, September 14th. The stock was bought at an average cost of $14.13 per share, with a total value of $28,260.00. Following the purchase, the chief financial officer owned 2,000 shares in the company, valued at $28,260. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Amtech Systems Price Performance

ASYS opened at $13.86 on Friday. The stock’s 50 day simple moving average is $15.59 and its 200 day simple moving average is $16.77. Amtech Systems, Inc. has a 1 year low of $6.75 and a 1 year high of $25.71. The firm has a market cap of $242.69 million, a price-to-earnings ratio of 53.31 and a beta of 2.01.

Amtech Systems (NASDAQ:ASYS) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. The firm had revenue of $22.38 million during the quarter, compared to the consensus estimate of $21.50 million. Amtech Systems had a return on equity of 6.33% and a net margin of 4.90%. As a group, sell-side analysts anticipate that Amtech Systems, Inc. will post 0.33 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd purchased a new position in shares of Amtech Systems during the second quarter valued at about $654,000. Engineers Gate Manager LP lifted its holdings in Amtech Systems by 2.6% in the second quarter. Engineers Gate Manager LP now owns 38,552 shares of the semiconductor company’s stock worth $890,000 after buying an additional 972 shares during the period. AWM Investment Company Inc. bought a new stake in Amtech Systems during the 2nd quarter valued at approximately $15,925,000. Bank of New York Mellon Corp bought a new stake in Amtech Systems during the 2nd quarter valued at approximately $959,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Amtech Systems by 84.2% during the 1st quarter. NewEdge Advisors LLC now owns 26,891 shares of the semiconductor company’s stock worth $314,000 after acquiring an additional 12,291 shares during the period. 50.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on ASYS shares. Weiss Ratings downgraded shares of Amtech Systems from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday. Wall Street Zen cut Amtech Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday. Finally, Zacks Research downgraded Amtech Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $22.00.

Amtech Systems Company Profile

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.