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

Amtech Systems, Inc. (NASDAQ:ASYS) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 37,700 shares, a decrease of 17.9% from the September 30th total of 45,900 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 34,800 shares, the days-to-cover ratio is presently 1.1 days.

Insider Activity

In other Amtech Systems news, 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 bought at an average price of $5.54 per share, with a total value of $27,700.00. Following the completion of the acquisition, the director now owns 464,000 shares in the company, valued at $2,570,560. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Robert M. Averick bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average cost of $5.54 per share, with a total value of $27,700.00. Following the acquisition, the director now owns 464,000 shares in the company, valued at $2,570,560. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert M. Averick bought 25,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price 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 of the company’s stock, valued at $2,538,270. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 20.90% of the company’s stock.

Institutional Investors Weigh In On Amtech Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC grew its position 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 purchasing an additional 2,991 shares in the last quarter. Kovack Advisors Inc. raised its position 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. Tidal Investments LLC bought a new position in shares of Amtech Systems during the first quarter worth $375,000. AMH Equity Ltd increased its holdings in 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 acquiring an additional 210,339 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in Amtech Systems by 2.8% in the 1st quarter. First Eagle Investment Management LLC now owns 598,045 shares of the semiconductor company’s stock worth $3,235,000 after purchasing an additional 16,090 shares in the last quarter. 50.21% of the stock is owned by institutional investors.

Amtech Systems Stock Performance

Amtech Systems stock opened at $5.74 on Wednesday. Amtech Systems has a 12-month low of $3.37 and a 12-month high of $8.11. The firm has a market capitalization of $81.56 million, a price-to-earnings ratio of -3.80 and a beta of 1.44. The firm has a 50 day moving average of $6.04 and a 200 day moving average of $5.79.

Amtech Systems (NASDAQ:ASYS) last announced its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $26.75 million during the quarter, compared to analysts’ expectations of $24.00 million. During the same period in the prior year, the company posted $0.01 earnings per share. On average, analysts predict that Amtech Systems 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.