Other research analysts have also issued reports about the company. TheStreet lowered Amtech Systems from a c rating to a d rating in a research report on Friday, December 15th. Benchmark reaffirmed a hold rating on shares of Amtech Systems in a research report on Thursday, December 14th.
Amtech Systems Trading Up 25.6 %
Amtech Systems (NASDAQ:ASYS – Get Free Report) last posted its quarterly earnings results on Thursday, December 14th. The semiconductor company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.32). The business had revenue of $27.71 million for the quarter, compared to analyst estimates of $35.00 million. Amtech Systems had a negative net margin of 16.45% and a negative return on equity of 1.10%. Equities analysts forecast that Amtech Systems will post 0.2 earnings per share for the current year.
Insider Transactions at Amtech Systems
In related news, Director Robert M. Averick purchased 14,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was bought at an average price of $3.90 per share, for a total transaction of $54,600.00. Following the purchase, the director now owns 393,500 shares in the company, valued at approximately $1,534,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 20.90% of the stock is currently owned by corporate insiders.
Institutional Trading of Amtech Systems
Several large investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC bought a new stake in Amtech Systems during the 2nd quarter valued at approximately $172,000. First Eagle Investment Management LLC boosted its stake in Amtech Systems by 39.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 574,346 shares of the semiconductor company’s stock valued at $4,377,000 after purchasing an additional 161,267 shares during the period. Legato Capital Management LLC boosted its stake in Amtech Systems by 35.5% during the 2nd quarter. Legato Capital Management LLC now owns 136,132 shares of the semiconductor company’s stock valued at $1,301,000 after purchasing an additional 35,678 shares during the period. Keebeck Wealth Management LLC bought a new stake in Amtech Systems during the 2nd quarter valued at approximately $96,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in Amtech Systems by 47.5% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 34,197 shares of the semiconductor company’s stock valued at $327,000 after purchasing an additional 11,007 shares during the period. Institutional investors own 46.70% of the company’s stock.
Amtech Systems Company Profile
Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs) worldwide. The company operates through Semiconductor and Material and Substrate segments.
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