Amtech Systems, Inc. (NASDAQ:ASYS) Sees Significant Decline in Short Interest

Amtech Systems, Inc. (NASDAQ:ASYS - Get Free Report) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 37,700 shares, a decline of 17.9% from the September 30th total of 45,900 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 34,800 shares, the short-interest ratio is currently 1.1 days.

Insider Buying and Selling at Amtech Systems

In related news, Director Robert M. Averick purchased 25,000 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of $5.53 per share, with a total value of $138,250.00. Following the completion of the acquisition, the director now directly owns 459,000 shares in the company, valued at $2,538,270. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Robert M. Averick acquired 25,000 shares of Amtech Systems stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average price of $5.53 per share, for a total transaction of $138,250.00. Following the completion of the transaction, the director now directly owns 459,000 shares in the company, valued at approximately $2,538,270. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert M. Averick bought 5,000 shares of the company's stock in a transaction on Monday, August 12th. The shares were acquired at an average price of $5.54 per share, for a total transaction of $27,700.00. Following the transaction, the director now directly owns 464,000 shares in the company, valued at $2,570,560. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 20.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ASYS. Acadian Asset Management LLC increased its stake in shares of Amtech Systems by 19.3% during the 2nd quarter. Acadian Asset Management LLC now owns 18,476 shares of the semiconductor company's stock worth $107,000 after purchasing an additional 2,991 shares in the last quarter. Kovack Advisors Inc. raised its holdings in shares of Amtech Systems by 69.7% in the first quarter. Kovack Advisors Inc. now owns 37,000 shares of the semiconductor company's stock worth $200,000 after acquiring an additional 15,200 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of Amtech Systems in the first quarter valued at $375,000. AMH Equity Ltd boosted its stake in shares of Amtech Systems by 234.6% during the first quarter. AMH Equity Ltd now owns 300,000 shares of the semiconductor company's stock valued at $1,623,000 after acquiring an additional 210,339 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its stake in Amtech Systems by 2.8% in the 1st quarter. First Eagle Investment Management LLC now owns 598,045 shares of the semiconductor company's stock valued at $3,235,000 after purchasing an additional 16,090 shares during the last quarter. Hedge funds and other institutional investors own 50.21% of the company's stock.

Amtech Systems Trading Down 2.0 %

Shares of NASDAQ:ASYS traded down $0.12 on Monday, reaching $5.74. 18,780 shares of the company were exchanged, compared to its average volume of 51,742. The company has a 50-day moving average of $6.06 and a 200-day moving average of $5.79. The firm has a market cap of $81.56 million, a price-to-earnings ratio of -3.80 and a beta of 1.44. Amtech Systems has a 1-year low of $3.37 and a 1-year high of $8.11.

Amtech Systems (NASDAQ:ASYS - Get Free Report) last issued its earnings results on Wednesday, August 7th. The semiconductor company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.11. Amtech Systems had a negative net margin of 19.05% and a negative return on equity of 4.16%. The company had revenue of $26.75 million for the quarter, compared to analyst estimates of $24.00 million. During the same period in the prior year, the business posted $0.01 earnings per share. As a group, analysts forecast that Amtech Systems will post -0.25 earnings per share for the current year.

About Amtech Systems

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.