First Eagle Investment Management LLC Raises Holdings in Amtech Systems, Inc. (NASDAQ:ASYS)

First Eagle Investment Management LLC boosted its position in Amtech Systems, Inc. (NASDAQ:ASYS) by 13.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 675,844 shares of the semiconductor company’s stock after acquiring an additional 77,799 shares during the period. First Eagle Investment Management LLC owned 4.76% of Amtech Systems worth $3,960,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ASYS. Victory Capital Management Inc. bought a new stake in shares of Amtech Systems during the fourth quarter valued at about $39,000. Acadian Asset Management LLC raised 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 acquiring an additional 2,991 shares in the last quarter. Villere ST Denis J & Co. LLC bought a new stake in Amtech Systems in the first quarter worth $108,000. Kovack Advisors Inc. grew its stake in shares of Amtech Systems by 69.7% during the first quarter. Kovack Advisors Inc. now owns 37,000 shares of the semiconductor company’s stock valued at $200,000 after buying an additional 15,200 shares during the last quarter. Finally, Tidal Investments LLC bought a new stake in shares of Amtech Systems in the 1st quarter valued at about $375,000. 50.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amtech Systems

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

Amtech Systems Price Performance

Shares of ASYS stock opened at $5.97 on Friday. The business has a 50-day moving average of $6.04 and a 200 day moving average of $5.64. The stock has a market capitalization of $84.76 million, a PE ratio of -3.95 and a beta of 1.45. Amtech Systems, Inc. has a 1-year low of $3.37 and a 1-year high of $8.12.

Amtech Systems (NASDAQ:ASYS) last issued its 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 firm had revenue of $26.75 million for the quarter, compared to analysts’ expectations 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 quarter last year, the business earned $0.01 earnings per share. Analysts anticipate that Amtech Systems, Inc. will post -0.25 EPS for the current 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.