Short Interest in Amtech Systems, Inc. (NASDAQ:ASYS) Rises By 6.1%

Amtech Systems, Inc. (NASDAQ:ASYS – Get Rating) was the target of a significant increase in short interest in the month of December. As of December 30th, there was short interest totalling 46,800 shares, an increase of 6.1% from the December 15th total of 44,100 shares. Based on an average daily trading volume, of 33,500 shares, the short-interest ratio is presently 1.4 days. Currently, 0.4% of the shares of the stock are short sold.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Benchmark cut their price target on Amtech Systems to $15.00 in a research note on Friday, December 2nd. StockNews.com upgraded Amtech Systems from a “hold” rating to a “buy” rating in a research note on Friday, December 2nd.

Institutional Investors Weigh In On Amtech Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASYS. Quadrature Capital Ltd bought a new stake in Amtech Systems during the third quarter worth $166,000. Citadel Advisors LLC bought a new position in shares of Amtech Systems in the 3rd quarter valued at $168,000. Bank of New York Mellon Corp lifted its stake in shares of Amtech Systems by 5.1% in the 1st quarter. Bank of New York Mellon Corp now owns 31,387 shares of the semiconductor company’s stock valued at $316,000 after acquiring an additional 1,537 shares during the last quarter. State Street Corp lifted its stake in shares of Amtech Systems by 7.3% in the 1st quarter. State Street Corp now owns 37,390 shares of the semiconductor company’s stock valued at $376,000 after acquiring an additional 2,560 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Amtech Systems by 33.0% in the 3rd quarter. Renaissance Technologies LLC now owns 46,796 shares of the semiconductor company’s stock valued at $398,000 after acquiring an additional 11,600 shares during the last quarter. 63.99% of the stock is currently owned by institutional investors.

Amtech Systems Price Performance

NASDAQ ASYS opened at $9.34 on Wednesday. The business has a fifty day moving average price of $8.96 and a two-hundred day moving average price of $9.18. Amtech Systems has a fifty-two week low of $6.66 and a fifty-two week high of $13.45. The stock has a market capitalization of $130.76 million, a PE ratio of 7.53 and a beta of 1.48.

Amtech Systems (NASDAQ:ASYS – Get Rating) last released its earnings results on Wednesday, November 30th. The semiconductor company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.29. Amtech Systems had a return on equity of 5.41% and a net margin of 16.05%. The firm had revenue of $32.32 million during the quarter, compared to analysts’ expectations of $30.00 million. As a group, sell-side analysts expect that Amtech Systems will post 0.5 earnings per share for the current year.

About Amtech Systems

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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.