Amtech Systems, Inc. (NASDAQ:ASYS) Sees Significant Drop in Short Interest

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

Insider Transactions at Amtech Systems

In other Amtech Systems news, Director Robert M. Averick acquired 5,000 shares of Amtech Systems stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of $5.54 per share, with a total value of $27,700.00. Following the completion of the purchase, the director now owns 464,000 shares in the company, valued at $2,570,560. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Robert M. Averick purchased 5,000 shares of the business’s stock in a transaction dated 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 purchase, the director now directly owns 464,000 shares in the company, valued at $2,570,560. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert M. Averick purchased 25,000 shares of Amtech Systems stock in a transaction dated Friday, August 9th. The stock was 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 in the company, valued at $2,538,270. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 20.90% of the stock is owned by corporate insiders.

Institutional Trading of Amtech Systems

Several hedge funds have recently added to or reduced their stakes in ASYS. First Eagle Investment Management LLC grew its stake in Amtech Systems by 13.0% in the second quarter. First Eagle Investment Management LLC now owns 675,844 shares of the semiconductor company’s stock valued at $3,960,000 after acquiring an additional 77,799 shares during the period. AMH Equity Ltd increased its stake in Amtech Systems by 234.6% during the 1st quarter. AMH Equity Ltd now owns 300,000 shares of the semiconductor company’s stock worth $1,623,000 after purchasing an additional 210,339 shares in the last quarter. Tidal Investments LLC bought a new stake in Amtech Systems during the 1st quarter worth approximately $375,000. Kovack Advisors Inc. raised its holdings in Amtech Systems by 69.7% during the 1st quarter. Kovack Advisors Inc. now owns 37,000 shares of the semiconductor company’s stock worth $200,000 after buying an additional 15,200 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in 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 buying an additional 2,991 shares in the last quarter. Institutional investors and hedge funds own 50.21% of the company’s stock.

Amtech Systems Price Performance

Shares of ASYS stock opened at $5.74 on Tuesday. The stock has a market cap of $81.56 million, a PE ratio of -3.80 and a beta of 1.44. The stock has a 50-day moving average of $6.04 and a 200-day moving average of $5.79. Amtech Systems has a one year low of $3.37 and a one year high of $8.11.

Amtech Systems (NASDAQ:ASYS) last issued its earnings results on Wednesday, August 7th. The semiconductor company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.11. The firm had revenue of $26.75 million during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $0.01 earnings per share. As a group, research analysts anticipate that Amtech Systems will post -0.25 earnings per share 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.