Amtech Systems, Inc. (NASDAQ:ASYS) Shares Purchased by Acadian Asset Management LLC

Acadian Asset Management LLC increased its position in shares of Amtech Systems, Inc. (NASDAQ:ASYS) by 19.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,476 shares of the semiconductor company’s stock after purchasing an additional 2,991 shares during the period. Acadian Asset Management LLC owned 0.13% of Amtech Systems worth $107,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. acquired a new stake in shares of Amtech Systems during the 4th quarter worth approximately $39,000. Villere ST Denis J & Co. LLC acquired a new stake in Amtech Systems during the first quarter worth $108,000. Kovack Advisors Inc. increased its stake in Amtech Systems by 69.7% during the first 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 last quarter. Tidal Investments LLC purchased a new stake in Amtech Systems in the first quarter valued at $375,000. Finally, AMH Equity Ltd lifted its stake in shares of Amtech Systems by 234.6% in the 1st quarter. AMH Equity Ltd now owns 300,000 shares of the semiconductor company’s stock valued at $1,623,000 after purchasing an additional 210,339 shares during the last quarter. 50.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amtech Systems

In other news, Director Robert M. Averick purchased 25,000 shares of the stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of $5.53 per share, for a total transaction of $138,250.00. Following the completion of the transaction, the director now directly owns 459,000 shares in the company, valued at approximately $2,538,270. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other Amtech Systems news, Director Robert M. Averick purchased 25,000 shares of Amtech Systems stock in a transaction dated 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 completion of the transaction, the director now owns 459,000 shares of the company’s stock, valued at $2,538,270. The transaction was disclosed in a filing with the SEC, which is accessible 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 stock was acquired at an average price of $5.54 per share, with a total value of $27,700.00. Following the acquisition, the director now directly owns 464,000 shares of the company’s stock, valued at approximately $2,570,560. The disclosure for this purchase can be found here. 20.90% of the stock is owned by corporate insiders.

Amtech Systems Trading Down 1.9 %

NASDAQ ASYS opened at $5.97 on Friday. The stock has a market cap of $84.76 million, a PE ratio of -3.95 and a beta of 1.45. Amtech Systems, Inc. has a twelve month low of $3.37 and a twelve month high of $8.12. The stock has a fifty day simple moving average of $6.04 and a 200-day simple moving average of $5.65.

Amtech Systems (NASDAQ:ASYS) last announced its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.11. Amtech Systems had a negative net margin of 19.05% and a negative return on equity of 4.16%. The business had revenue of $26.75 million during the quarter, compared to analysts’ expectations of $24.00 million. During the same period last year, the business earned $0.01 earnings per share. Research analysts predict 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.