Amtech Systems, Inc. (NASDAQ:ASYS) Short Interest Down 30.5% in August

Amtech Systems, Inc. (NASDAQ:ASYS) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 41,400 shares, a decline of 30.5% from the August 15th total of 59,600 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 46,000 shares, the short-interest ratio is currently 0.9 days.

Insider Activity

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

Hedge Funds Weigh In On Amtech Systems

Several hedge funds and other institutional investors have recently modified their holdings of the company. First Eagle Investment Management LLC raised its stake in shares of Amtech Systems by 13.0% in the 2nd 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. Acadian Asset Management LLC increased its holdings in Amtech Systems by 19.3% in the 2nd quarter. Acadian Asset Management LLC now owns 18,476 shares of the semiconductor company’s stock valued at $107,000 after purchasing an additional 2,991 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Amtech Systems during the first quarter worth about $375,000. AMH Equity Ltd boosted its position in shares of Amtech Systems by 234.6% in the first quarter. AMH Equity Ltd now owns 300,000 shares of the semiconductor company’s stock worth $1,623,000 after buying an additional 210,339 shares during the period. Finally, Villere ST Denis J & Co. LLC acquired a new stake in shares of Amtech Systems in the first quarter valued at about $108,000. 50.21% of the stock is owned by institutional investors and hedge funds.

Amtech Systems Price Performance

ASYS stock traded down $0.12 on Friday, hitting $6.04. 28,820 shares of the company were exchanged, compared to its average volume of 54,959. The stock has a market capitalization of $85.89 million, a price-to-earnings ratio of -4.00 and a beta of 1.45. Amtech Systems has a twelve month low of $3.37 and a twelve month high of $8.35. The business’s fifty day moving average is $6.09 and its two-hundred day moving average is $5.60.

Amtech Systems (NASDAQ:ASYS) last released its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.11. Amtech Systems had a negative return on equity of 4.16% and a negative net margin of 19.05%. The business had revenue of $26.75 million during the quarter, compared to the consensus estimate of $24.00 million. During the same period in the prior year, the firm posted $0.01 EPS. Equities research analysts expect 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.