First Eagle Investment Management LLC Lowers Stock Position in Amtech Systems, Inc. $ASYS

First Eagle Investment Management LLC trimmed its position in Amtech Systems, Inc. (NASDAQ:ASYS) by 6.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 752,346 shares of the semiconductor company’s stock after selling 48,036 shares during the quarter. First Eagle Investment Management LLC owned about 0.05% of Amtech Systems worth $6,967,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ASYS. Thompson Davis & CO. Inc. bought a new position in shares of Amtech Systems in the third quarter worth approximately $123,000. James Investment Research Inc. bought a new stake in shares of Amtech Systems during the 3rd quarter valued at $135,000. GWN Securities Inc. purchased a new position in shares of Amtech Systems during the 3rd quarter valued at $189,000. XTX Topco Ltd bought a new position in Amtech Systems in the 2nd quarter worth $105,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Amtech Systems by 135.5% in the 1st 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 period. Hedge funds and other institutional investors own 50.21% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on ASYS. Benchmark restated a “hold” rating on shares of Amtech Systems in a research report on Tuesday, December 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Amtech Systems in a research note on Wednesday, January 21st. Zacks Research downgraded Amtech Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. Finally, Wall Street Zen lowered shares of Amtech Systems from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

Amtech Systems Stock Down 4.5%

Amtech Systems stock opened at $13.41 on Wednesday. The company’s 50-day moving average price is $13.84 and its 200-day moving average price is $10.26. The company has a market cap of $193.24 million, a PE ratio of -6.27 and a beta of 1.67. Amtech Systems, Inc. has a twelve month low of $3.20 and a twelve month high of $18.59.

Amtech Systems (NASDAQ:ASYS) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). Amtech Systems had a negative return on equity of 1.53% and a negative net margin of 41.28%.The company had revenue of $18.97 million during the quarter, compared to analysts’ expectations of $19.25 million. As a group, sell-side analysts expect that Amtech Systems, Inc. will post 0.05 earnings per share for the current fiscal year.

About Amtech Systems

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.