Pacific Ridge Capital Partners LLC reduced its position in Amtech Systems, Inc. (NASDAQ:ASYS) by 10.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 597,183 shares of the semiconductor company’s stock after selling 68,471 shares during the period. Pacific Ridge Capital Partners LLC owned 3.98% of Amtech Systems worth $3,189,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in ASYS. Bank of Montreal Can bought a new stake in shares of Amtech Systems in the 2nd quarter valued at about $130,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of Amtech Systems in the 2nd quarter valued at about $388,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Amtech Systems by 37.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 109,320 shares of the semiconductor company’s stock valued at $661,000 after buying an additional 29,705 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Amtech Systems by 35.1% in the 2nd quarter. Royce & Associates LP now owns 1,127,922 shares of the semiconductor company’s stock valued at $6,824,000 after buying an additional 292,876 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Amtech Systems by 186.0% in the 2nd quarter. BlackRock Inc. now owns 153,457 shares of the semiconductor company’s stock valued at $929,000 after buying an additional 99,807 shares in the last quarter. Institutional investors and hedge funds own 54.08% of the company’s stock.
ASYS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Amtech Systems from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a report on Tuesday, October 16th. Cowen set a $9.00 price target on shares of Amtech Systems and gave the company a “buy” rating in a report on Friday, November 30th. Roth Capital set a $5.00 price target on shares of Amtech Systems and gave the company a “hold” rating in a report on Friday, August 10th. Benchmark cut shares of Amtech Systems from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a report on Friday, August 10th. Finally, ValuEngine raised shares of Amtech Systems from a “strong sell” rating to a “sell” rating in a research report on Monday, August 13th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $8.69.
Shares of Amtech Systems stock opened at $5.12 on Friday. The company has a market capitalization of $77.49 million, a P/E ratio of 9.23 and a beta of 2.06. The company has a quick ratio of 2.42, a current ratio of 2.93 and a debt-to-equity ratio of 0.08. Amtech Systems, Inc. has a 52 week low of $4.25 and a 52 week high of $11.52.
Amtech Systems (NASDAQ:ASYS) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $27.17 million. Amtech Systems had a net margin of 3.01% and a return on equity of 8.33%. The business’s revenue for the quarter was down 47.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share. Analysts expect that Amtech Systems, Inc. will post -0.3 EPS for the current fiscal year.
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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