Amtech Systems, Inc. (NASDAQ:ASYS) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,023,687 shares, a growth of 48.6% from the August 15th total of 688,772 shares. Based on an average trading volume of 202,766 shares, the days-to-cover ratio is presently 5.0 days. Approximately 8.3% of the shares of the company are short sold.
Shares of ASYS traded up $0.11 during trading hours on Monday, hitting $4.80. 162,800 shares of the company were exchanged, compared to its average volume of 214,946. The firm has a market cap of $80.04 million, a P/E ratio of 6.84 and a beta of 2.05. Amtech Systems has a fifty-two week low of $4.56 and a fifty-two week high of $15.45. 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 quarterly earnings data on Thursday, August 9th. The semiconductor company reported $0.18 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.28. Amtech Systems had a return on equity of 19.36% and a net margin of 10.67%. The business had revenue of $41.20 million during the quarter, compared to the consensus estimate of $35.19 million. During the same period in the prior year, the company earned $0.25 EPS. Amtech Systems’s revenue for the quarter was down 13.7% on a year-over-year basis. On average, research analysts predict that Amtech Systems will post 0.74 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Royce & Associates LP lifted its position 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 worth $6,824,000 after buying an additional 292,876 shares during the last quarter. Systematic Financial Management LP raised its position in Amtech Systems by 12.4% in the first quarter. Systematic Financial Management LP now owns 153,955 shares of the semiconductor company’s stock valued at $1,127,000 after purchasing an additional 17,015 shares during the last quarter. A.R.T. Advisors LLC raised its position in Amtech Systems by 45.4% in the first quarter. A.R.T. Advisors LLC now owns 28,968 shares of the semiconductor company’s stock valued at $212,000 after purchasing an additional 9,050 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its position in Amtech Systems by 5.9% in the first quarter. Pacific Ridge Capital Partners LLC now owns 545,474 shares of the semiconductor company’s stock valued at $3,993,000 after purchasing an additional 30,570 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in Amtech Systems in the second quarter valued at about $130,000. Institutional investors and hedge funds own 57.56% of the company’s stock.
A number of research analysts have commented on ASYS shares. ValuEngine lowered Amtech Systems from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 12th. Benchmark lowered Amtech Systems from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a report on Friday, August 10th. Zacks Investment Research lowered Amtech Systems from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. 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, Cowen set a $11.00 target price on Amtech Systems and gave the stock a “buy” rating in a report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, three have given 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 $10.38.
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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