Royce & Associates LP Sells 36,959 Shares of Amtech Systems, Inc. (ASYS)

Royce & Associates LP decreased its position in Amtech Systems, Inc. (NASDAQ:ASYS) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,307,002 shares of the semiconductor company’s stock after selling 36,959 shares during the period. Royce & Associates LP’s holdings in Amtech Systems were worth $7,189,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC raised its position in Amtech Systems by 20.3% in the first quarter. Pacific Ridge Capital Partners LLC now owns 343,037 shares of the semiconductor company’s stock worth $1,887,000 after buying an additional 57,881 shares during the period. Renaissance Technologies LLC raised its position in Amtech Systems by 29.5% in the fourth quarter. Renaissance Technologies LLC now owns 99,236 shares of the semiconductor company’s stock worth $422,000 after buying an additional 22,600 shares during the period. WealthTrust Axiom LLC raised its position in Amtech Systems by 7.7% in the first quarter. WealthTrust Axiom LLC now owns 59,937 shares of the semiconductor company’s stock worth $329,000 after buying an additional 4,308 shares during the period. Finally, Algert Global LLC bought a new position in Amtech Systems during the first quarter worth $147,000. 52.65% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Amtech Systems (NASDAQ:ASYS)

Amtech Systems, Inc. (NASDAQ:ASYS) traded up 1.38% during midday trading on Friday, reaching $8.09. The company’s stock had a trading volume of 55,132 shares. The firm’s market cap is $106.79 million. Amtech Systems, Inc. has a 1-year low of $3.99 and a 1-year high of $9.19. The company has a 50 day moving average price of $8.01 and a 200 day moving average price of $5.91.

Amtech Systems (NASDAQ:ASYS) last issued its earnings results on Wednesday, May 10th. The semiconductor company reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.01. Amtech Systems had a negative return on equity of 4.59% and a negative net margin of 2.16%. The firm had revenue of $32.94 million for the quarter, compared to analysts’ expectations of $27.95 million. During the same quarter last year, the firm earned ($0.11) earnings per share. The firm’s revenue for the quarter was up 46.5% compared to the same quarter last year. On average, equities research analysts expect that Amtech Systems, Inc. will post ($0.07) EPS for the current year.

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A number of equities analysts have weighed in on ASYS shares. Benchmark Co. raised Amtech Systems from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research note on Wednesday, April 26th. Zacks Investment Research lowered Amtech Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, April 5th. TheStreet raised Amtech Systems from a “d+” rating to a “c-” rating in a research note on Monday, May 15th. Finally, ValuEngine raised Amtech Systems from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th.

In related news, Director Robert F. King sold 4,700 shares of Amtech Systems stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $8.68, for a total value of $40,796.00. Following the transaction, the director now owns 12,900 shares in the company, valued at $111,972. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 34.60% of the stock is currently owned by company insiders.

Amtech Systems Company Profile

Amtech Systems, Inc is engaged in the manufacture of capital equipment, including thermal processing, silicon wafer handling automation and related consumables used in fabricating solar cells, Light Emitting Diode (LED) and semiconductor devices. The Company operates through three business segments: solar, semiconductor and polishing.

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