Amtech Systems, Inc. (NASDAQ:ASYS) Short Interest Update

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

Insider Buying and Selling at Amtech Systems

In other news, Director Robert M. Averick acquired 5,000 shares of the business’s stock in a transaction 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 acquisition, the director now directly owns 464,000 shares of the company’s stock, valued at $2,570,560. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Robert M. Averick purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average price of $5.54 per share, for a total transaction of $27,700.00. Following the completion of the purchase, the director now owns 464,000 shares in the company, valued at approximately $2,570,560. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert M. Averick bought 25,000 shares of Amtech Systems stock in a transaction on Friday, August 9th. The shares were purchased at an average cost of $5.53 per share, for a total transaction of $138,250.00. Following the acquisition, the director now 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 Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Kovack Advisors Inc. lifted its holdings in Amtech Systems by 69.7% in the 1st quarter. Kovack Advisors Inc. now owns 37,000 shares of the semiconductor company’s stock worth $200,000 after purchasing an additional 15,200 shares during the last quarter. AMH Equity Ltd raised 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 valued at $1,623,000 after purchasing an additional 210,339 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Amtech Systems by 2.8% in the first quarter. First Eagle Investment Management LLC now owns 598,045 shares of the semiconductor company’s stock worth $3,235,000 after buying an additional 16,090 shares during the last quarter. Tidal Investments LLC acquired a new position in Amtech Systems in the 1st quarter valued at $375,000. Finally, Acadian Asset Management LLC raised 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 worth $107,000 after acquiring an additional 2,991 shares during the period. 50.21% of the stock is owned by institutional investors and hedge funds.

Amtech Systems Trading Up 1.5 %

Amtech Systems stock traded up $0.09 during midday trading on Monday, reaching $5.95. 1 shares of the stock traded hands, compared to its average volume of 51,652. Amtech Systems has a fifty-two week low of $3.37 and a fifty-two week high of $8.11. The firm has a market cap of $84.54 million, a price-to-earnings ratio of -3.88 and a beta of 1.44. The firm has a fifty day moving average price of $6.06 and a two-hundred day moving average price of $5.78.

Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.11. The company had revenue of $26.75 million for the quarter, compared to analyst estimates of $24.00 million. Amtech Systems had a negative return on equity of 4.16% and a negative net margin of 19.05%. During the same period last year, the company earned $0.01 earnings per share. 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.