B. Riley Asset Management LLC purchased a new stake in Amtech Systems, Inc. (NASDAQ:ASYS – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 400,862 shares of the semiconductor company’s stock, valued at approximately $3,961,000. Amtech Systems accounts for approximately 1.7% of B. Riley Asset Management LLC’s portfolio, making the stock its 14th biggest position. B. Riley Asset Management LLC owned approximately 2.86% of Amtech Systems at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Morgan Stanley lifted its holdings in Amtech Systems by 45.3% in the third quarter. Morgan Stanley now owns 2,741 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 854 shares during the period. Barclays PLC raised its stake in shares of Amtech Systems by 249.3% during the 3rd quarter. Barclays PLC now owns 3,790 shares of the semiconductor company’s stock worth $43,000 after buying an additional 2,705 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Amtech Systems by 8.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 32,547 shares of the semiconductor company’s stock worth $322,000 after buying an additional 2,488 shares during the period. Geode Capital Management LLC raised its stake in shares of Amtech Systems by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 111,067 shares of the semiconductor company’s stock worth $1,269,000 after buying an additional 967 shares during the period. Finally, EAM Investors LLC acquired a new position in shares of Amtech Systems during the 3rd quarter worth approximately $1,344,000. 86.96% of the stock is owned by institutional investors.
Several research analysts have recently weighed in on ASYS shares. StockNews.com started coverage on Amtech Systems in a research note on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research upgraded Amtech Systems from a “sell” rating to a “hold” rating in a research report on Thursday, March 3rd. Finally, Cowen dropped their price target on Amtech Systems from $17.00 to $16.00 in a research report on Tuesday, February 15th.
Shares of ASYS traded up $0.93 during trading hours on Friday, hitting $8.18. 42,208 shares of the stock were exchanged, compared to its average volume of 41,817. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.00 and a current ratio of 4.19. The stock’s 50-day moving average price is $9.70 and its two-hundred day moving average price is $10.12. The company has a market cap of $114.77 million, a price-to-earnings ratio of 28.21 and a beta of 1.40. Amtech Systems, Inc. has a 12-month low of $6.99 and a 12-month high of $15.78.
Amtech Systems (NASDAQ:ASYS – Get Rating) last posted its quarterly earnings results on Wednesday, May 11th. The semiconductor company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.08 by $0.06. Amtech Systems had a return on equity of 4.73% and a net margin of 3.87%. During the same period in the previous year, the company posted ($0.02) earnings per share. On average, research analysts expect that Amtech Systems, Inc. will post 0.35 earnings per share for the current year.
About Amtech Systems (Get Rating)
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 in Semiconductor and Material and Substrate segments.
- Get a free copy of the StockNews.com research report on Amtech Systems (ASYS)
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
Receive News & Ratings for Amtech Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amtech Systems and related companies with MarketBeat.com's FREE daily email newsletter.