Janney Montgomery Scott LLC Takes $652,000 Position in Amtech Systems, Inc. (NASDAQ:ASYS)

Janney Montgomery Scott LLC bought a new position in shares of Amtech Systems, Inc. (NASDAQ:ASYSGet Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 76,656 shares of the semiconductor company’s stock, valued at approximately $652,000.

Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in Amtech Systems by 5.1% during the first quarter. Bank of New York Mellon Corp now owns 31,387 shares of the semiconductor company’s stock worth $316,000 after purchasing an additional 1,537 shares during the last quarter. State Street Corp boosted its holdings in Amtech Systems by 7.3% during the first quarter. State Street Corp now owns 37,390 shares of the semiconductor company’s stock worth $376,000 after purchasing an additional 2,560 shares during the last quarter. ClariVest Asset Management LLC acquired a new position in Amtech Systems during the second quarter worth $514,000. Bank of Montreal Can acquired a new position in Amtech Systems during the first quarter worth $773,000. Finally, Ancora Advisors LLC boosted its holdings in Amtech Systems by 194.0% during the first quarter. Ancora Advisors LLC now owns 147,093 shares of the semiconductor company’s stock worth $1,738,000 after purchasing an additional 97,061 shares during the last quarter. Institutional investors and hedge funds own 63.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ASYS shares. Benchmark reduced their target price on shares of Amtech Systems to $15.00 in a report on Friday, December 2nd. StockNews.com raised shares of Amtech Systems from a “hold” rating to a “buy” rating in a research report on Friday, December 2nd.

Amtech Systems Trading Up 1.1 %

NASDAQ ASYS opened at $8.92 on Friday. The firm’s fifty day moving average price is $9.00 and its two-hundred day moving average price is $9.12. Amtech Systems, Inc. has a 1 year low of $6.66 and a 1 year high of $13.45. The firm has a market capitalization of $124.81 million, a P/E ratio of 7.19 and a beta of 1.48.

Amtech Systems (NASDAQ:ASYSGet Rating) last posted its quarterly earnings results on Wednesday, November 30th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.29. Amtech Systems had a net margin of 16.05% and a return on equity of 5.41%. The firm had revenue of $32.32 million for the quarter, compared to analyst estimates of $30.00 million. On average, research analysts anticipate that Amtech Systems, Inc. will post 0.5 EPS for the current fiscal year.

Amtech Systems Profile

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Amtech Systems, Inc engages in the manufacture of semiconductor and capital equipment. It operates through the Semiconductor, and Material and Substrate segments. The Semiconductor segment is involved in the designing, manufacturing, selling, and servicing of thermal processing equipment and related controls for use by semiconductor manufacturers, and in electronics, automotive, and other industries.

Further Reading

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Institutional Ownership by Quarter for Amtech Systems (NASDAQ:ASYS)

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