Ancora Advisors LLC lifted its position in shares of Amtech Systems, Inc. (NASDAQ:ASYS) by 116.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 281,760 shares of the semiconductor company’s stock after acquiring an additional 151,605 shares during the quarter. Ancora Advisors LLC owned approximately 1.88% of Amtech Systems worth $1,505,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Amtech Systems by 15.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,250,824 shares of the semiconductor company’s stock valued at $6,679,000 after acquiring an additional 164,357 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Amtech Systems by 35.1% during the 2nd quarter. Royce & Associates LP now owns 1,127,922 shares of the semiconductor company’s stock valued at $6,824,000 after acquiring an additional 292,876 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Amtech Systems by 19.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 180,101 shares of the semiconductor company’s stock worth $962,000 after buying an additional 29,050 shares during the period. BlackRock Inc. lifted its holdings in Amtech Systems by 186.0% during the 2nd quarter. BlackRock Inc. now owns 153,457 shares of the semiconductor company’s stock worth $929,000 after buying an additional 99,807 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Amtech Systems by 37.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 109,320 shares of the semiconductor company’s stock worth $661,000 after buying an additional 29,705 shares during the period. 55.59% of the stock is currently owned by institutional investors.
Several research analysts have commented on ASYS shares. Zacks Investment Research raised Amtech Systems from a “sell” rating to a “hold” rating in a report on Monday, August 6th. Benchmark downgraded Amtech Systems from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a report on Friday, August 10th. Cowen set a $11.00 target price on Amtech Systems and gave the stock a “buy” rating in a report on Thursday, August 9th. Roth Capital set a $5.00 target price on Amtech Systems and gave the stock a “hold” rating in a report on Friday, August 10th. Finally, ValuEngine raised Amtech Systems from a “strong sell” rating to a “sell” rating in a report on Monday, August 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $8.69.
Shares of ASYS opened at $5.50 on Monday. The stock has a market cap of $82.43 million, a price-to-earnings ratio of 9.65 and a beta of 1.99. Amtech Systems, Inc. has a 12 month low of $4.25 and a 12 month high of $11.52. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.42 and a current ratio of 2.93.
Amtech Systems (NASDAQ:ASYS) last announced its earnings results on Thursday, November 29th. The semiconductor company reported ($0.61) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.44). The company had revenue of $28.83 million for the quarter, compared to analyst estimates of $27.17 million. Amtech Systems had a return on equity of 8.33% and a net margin of 3.01%. The firm’s quarterly revenue was down 47.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share. On average, equities research analysts forecast that Amtech Systems, Inc. will post -0.19 EPS for the current year.
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About Amtech Systems
Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating solar cells, LED, and semiconductor devices in the United States, Asia, Europe, and internationally. It operates through Solar, Semiconductor, and Polishing segments. The Solar segment supplies thermal processing systems, including diffusion, plasma-enhanced chemical vapor deposition, and atomic layer deposition systems; and automation equipment comprising mass wafer transfer systems, sorters, long-boat transfer systems, load station elevators, buffers, and conveyers, as well as related parts and services.
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