WealthTrust Axiom LLC Has $142,000 Stock Holdings in Amtech Systems, Inc. $ASYS

WealthTrust Axiom LLC lessened its holdings in Amtech Systems, Inc. (NASDAQ:ASYS) by 68.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,300 shares of the semiconductor company’s stock after selling 24,500 shares during the period. WealthTrust Axiom LLC owned about 0.08% of Amtech Systems worth $142,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Kestra Advisory Services LLC purchased a new stake in shares of Amtech Systems during the fourth quarter worth $88,000. Millennium Management LLC purchased a new stake in shares of Amtech Systems during the third quarter worth $111,000. Barclays PLC raised its holdings in shares of Amtech Systems by 42,226.7% during the fourth quarter. Barclays PLC now owns 12,698 shares of the semiconductor company’s stock worth $159,000 after acquiring an additional 12,668 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Amtech Systems during the third quarter worth $135,000. Finally, Sowell Financial Services LLC purchased a new stake in shares of Amtech Systems during the fourth quarter worth $203,000. Institutional investors and hedge funds own 50.21% of the company’s stock.

Amtech Systems Price Performance

NASDAQ ASYS opened at $22.78 on Tuesday. Amtech Systems, Inc. has a fifty-two week low of $3.93 and a fifty-two week high of $25.71. The stock’s 50-day moving average is $18.86 and its two-hundred day moving average is $14.81. The firm has a market cap of $331.68 million, a P/E ratio of 134.00 and a beta of 1.99.

Amtech Systems (NASDAQ:ASYS) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. Amtech Systems had a return on equity of 5.58% and a net margin of 3.11%.The company had revenue of $20.47 million for the quarter, compared to analyst estimates of $19.50 million. On average, equities analysts expect that Amtech Systems, Inc. will post 0.24 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ASYS shares. Wall Street Zen upgraded Amtech Systems from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 17th. Roth Mkm reiterated a “buy” rating and set a $22.00 price objective on shares of Amtech Systems in a report on Friday, May 8th. Zacks Research upgraded Amtech Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Weiss Ratings upgraded Amtech Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.00.

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.