Macquarie Group Ltd. lessened its holdings in shares of Amtech Systems, Inc. (NASDAQ:ASYS) by 11.4% during the 4th quarter, Holdings Channel reports. The firm owned 90,596 shares of the semiconductor company’s stock after selling 11,600 shares during the period. Macquarie Group Ltd.’s holdings in Amtech Systems were worth $912,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Millennium Management LLC grew its holdings in shares of Amtech Systems by 239.8% during the fourth quarter. Millennium Management LLC now owns 489,431 shares of the semiconductor company’s stock worth $4,929,000 after purchasing an additional 345,383 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of Amtech Systems during the fourth quarter worth $691,000. Two Sigma Advisers LP bought a new stake in shares of Amtech Systems during the fourth quarter worth $284,000. Goldman Sachs Group Inc. bought a new position in Amtech Systems in the fourth quarter valued at about $681,000. Finally, Deutsche Bank AG boosted its holdings in Amtech Systems by 32.0% in the fourth quarter. Deutsche Bank AG now owns 108,452 shares of the semiconductor company’s stock valued at $1,092,000 after acquiring an additional 26,278 shares during the last quarter. Institutional investors own 63.74% of the company’s stock.
Several equities analysts recently issued reports on the company. ValuEngine cut Amtech Systems from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Investment Research upgraded Amtech Systems from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Amtech Systems has an average rating of “Buy” and a consensus price target of $14.88.
In related news, Director Robert F. King sold 17,699 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $11.25, for a total value of $199,113.75. Following the transaction, the director now owns 10,200 shares in the company, valued at $114,750. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 34.60% of the stock is owned by company insiders.
Amtech Systems stock opened at $7.31 on Friday. The stock has a market capitalization of $113.94, a P/E ratio of 7.15 and a beta of 2.04. Amtech Systems, Inc. has a 12-month low of $5.17 and a 12-month high of $15.45. The company has a current ratio of 2.35, a quick ratio of 1.96 and a debt-to-equity ratio of 0.08.
Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.19. The business had revenue of $73.60 million for the quarter, compared to analysts’ expectations of $61.79 million. Amtech Systems had a return on equity of 19.49% and a net margin of 7.48%. The business’s quarterly revenue was up 152.9% on a year-over-year basis. equities analysts predict that Amtech Systems, Inc. will post 0.5 earnings per share for the current fiscal year.
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Amtech Systems Company Profile
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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