Amtech Systems, Inc. (NASDAQ:ASYS) Short Interest Update

Amtech Systems, Inc. (NASDAQ:ASYS) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totalling 27,800 shares, a decline of 32.9% from the August 31st total of 41,400 shares. Based on an average trading volume of 42,100 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the company’s stock are short sold.

Insider Activity at Amtech Systems

In other Amtech Systems news, Director Robert M. Averick bought 25,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were acquired at an average price of $5.53 per share, with a total value of $138,250.00. Following the transaction, the director now owns 459,000 shares of the company’s stock, valued at approximately $2,538,270. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Robert M. Averick acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of $5.54 per share, for a total transaction of $27,700.00. Following the purchase, the director now directly owns 464,000 shares of the company’s stock, valued at approximately $2,570,560. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert M. Averick bought 25,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was bought at an average price of $5.53 per share, for a total transaction of $138,250.00. Following the purchase, the director now directly owns 459,000 shares of the company’s stock, valued at $2,538,270. The disclosure for this purchase can be found here. 20.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amtech Systems

Several institutional investors have recently added to or reduced their stakes in ASYS. Acadian Asset Management LLC lifted its stake in shares of Amtech Systems by 19.3% during the second quarter. Acadian Asset Management LLC now owns 18,476 shares of the semiconductor company’s stock worth $107,000 after buying an additional 2,991 shares during the period. Victory Capital Management Inc. purchased a new position in Amtech Systems in the 4th quarter worth $39,000. Kovack Advisors Inc. lifted its position in Amtech Systems by 69.7% during the 1st quarter. Kovack Advisors Inc. now owns 37,000 shares of the semiconductor company’s stock worth $200,000 after acquiring an additional 15,200 shares during the period. First Eagle Investment Management LLC grew its stake in Amtech Systems by 2.8% during the 1st quarter. First Eagle Investment Management LLC now owns 598,045 shares of the semiconductor company’s stock valued at $3,235,000 after purchasing an additional 16,090 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in Amtech Systems during the 1st quarter valued at about $375,000. Institutional investors and hedge funds own 50.21% of the company’s stock.

Amtech Systems Trading Down 0.7 %

Shares of NASDAQ:ASYS traded down $0.04 during trading on Friday, reaching $6.09. The stock had a trading volume of 11,025 shares, compared to its average volume of 53,456. The company has a market capitalization of $86.53 million, a P/E ratio of -4.03 and a beta of 1.45. The firm’s 50-day simple moving average is $6.03 and its 200 day simple moving average is $5.69. Amtech Systems has a one year low of $3.37 and a one year high of $8.12.

Amtech Systems (NASDAQ:ASYS) last released its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.11. The business had revenue of $26.75 million for the quarter, compared to analyst estimates of $24.00 million. Amtech Systems had a negative net margin of 19.05% and a negative return on equity of 4.16%. During the same period in the previous year, the company earned $0.01 earnings per share. Equities research analysts forecast that Amtech Systems will post -0.25 earnings per share for the current fiscal year.

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.