Amtech Systems, Inc. (NASDAQ:ASYS - Get Free Report) CEO Robert C. Daigle purchased 5,000 shares of Amtech Systems stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average cost of $3.48 per share, for a total transaction of $17,400.00. Following the completion of the purchase, the chief executive officer now owns 154,037 shares of the company's stock, valued at $536,048.76. This trade represents a 3.35% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Amtech Systems Trading Up 0.9%
Shares of ASYS stock opened at $3.52 on Friday. The stock has a market capitalization of $50.39 million, a price-to-earnings ratio of 44.01 and a beta of 1.53. Amtech Systems, Inc. has a twelve month low of $3.20 and a twelve month high of $6.96. The stock has a fifty day simple moving average of $4.13 and a two-hundred day simple moving average of $4.98.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Amtech Systems from a "hold" rating to a "sell" rating in a research note on Wednesday.
View Our Latest Stock Analysis on ASYS
Institutional Trading of Amtech Systems
A number of hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its holdings in shares of Amtech Systems by 135.5% in the first quarter. Goldman Sachs Group Inc. now owns 30,066 shares of the semiconductor company's stock valued at $145,000 after purchasing an additional 17,297 shares during the last quarter. Kovack Advisors Inc. lifted its holdings in Amtech Systems by 15.1% during the 1st quarter. Kovack Advisors Inc. now owns 75,400 shares of the semiconductor company's stock worth $364,000 after buying an additional 9,900 shares during the last quarter. AMH Equity Ltd increased its position in shares of Amtech Systems by 137.0% during the first quarter. AMH Equity Ltd now owns 97,583 shares of the semiconductor company's stock worth $471,000 after purchasing an additional 56,408 shares in the last quarter. Sowell Financial Services LLC acquired a new position in Amtech Systems in the 1st quarter valued at about $159,000. Finally, Squarepoint Ops LLC acquired a new position in Amtech Systems during the 4th quarter worth approximately $71,000. Hedge funds and other institutional investors own 50.21% of the company's stock.
Amtech Systems Company Profile
(
Get Free Report)
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.
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