Kovack Advisors Inc. Sells 7,400 Shares of Amtech Systems, Inc. (NASDAQ:ASYS)

Kovack Advisors Inc. reduced its position in Amtech Systems, Inc. (NASDAQ:ASYS) by 26.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,100 shares of the semiconductor company’s stock after selling 7,400 shares during the period. Kovack Advisors Inc. owned approximately 0.14% of Amtech Systems worth $117,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. First Eagle Investment Management LLC boosted its stake in Amtech Systems by 13.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 675,844 shares of the semiconductor company’s stock valued at $3,960,000 after purchasing an additional 77,799 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Amtech Systems by 19.3% in the second quarter. Acadian Asset Management LLC now owns 18,476 shares of the semiconductor company’s stock valued at $107,000 after purchasing an additional 2,991 shares in the last quarter. Finally, Tidal Investments LLC purchased a new position in shares of Amtech Systems during the first quarter valued at approximately $375,000. Institutional investors and hedge funds own 50.21% of the company’s stock.

Amtech Systems Stock Performance

Shares of Amtech Systems stock opened at $5.71 on Friday. The company has a market capitalization of $81.19 million, a P/E ratio of -4.05 and a beta of 1.45. The stock has a fifty day simple moving average of $5.82 and a 200 day simple moving average of $5.86. Amtech Systems, Inc. has a 12-month low of $3.37 and a 12-month high of $8.11.

About Amtech Systems

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.