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

Amtech Systems, Inc. (NASDAQ:ASYS) CEO Guy Shechter acquired 3,450 shares of the company’s stock in a transaction 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 completion of the purchase, the chief executive officer directly owned 53,450 shares of the company’s stock, valued at approximately $766,473. This represents a 6.90% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Amtech Systems Price Performance

NASDAQ:ASYS opened at $14.25 on Wednesday. The firm has a 50-day moving average of $17.44 and a 200-day moving average of $16.47. The company has a market cap of $249.52 million, a PE ratio of 54.81 and a beta of 2.02. Amtech Systems, Inc. has a one year low of $5.63 and a one year high of $25.71.

Amtech Systems (NASDAQ:ASYS) last announced its quarterly earnings results 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 business had revenue of $22.38 million for the quarter, compared to analysts’ expectations of $21.50 million. Amtech Systems had a net margin of 4.90% and a return on equity of 6.33%. On average, equities research analysts expect that Amtech Systems, Inc. will post 0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Amtech Systems

Hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its position in shares of Amtech Systems by 135.5% during the first quarter. Goldman Sachs Group Inc. now owns 30,066 shares of the semiconductor company’s stock valued at $145,000 after acquiring an additional 17,297 shares during the last quarter. Acadian Asset Management LLC grew its stake in Amtech Systems by 90.8% in the 1st quarter. Acadian Asset Management LLC now owns 42,584 shares of the semiconductor company’s stock valued at $204,000 after purchasing an additional 20,264 shares during the period. XTX Topco Ltd bought a new position in Amtech Systems in the 2nd quarter valued at $105,000. Vanguard Group Inc. increased its position in shares of Amtech Systems by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 676,006 shares of the semiconductor company’s stock valued at $6,260,000 after purchasing an additional 17,099 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Amtech Systems during the 3rd quarter worth $1,689,000. Hedge funds and other institutional investors own 50.21% of the company’s stock.

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.