Russell Investments Group Ltd. grew its holdings in Amtech Systems, Inc. (NASDAQ:ASYS) by 707.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,583 shares of the semiconductor company’s stock after acquiring an additional 31,178 shares during the period. Russell Investments Group Ltd. owned about 0.25% of Amtech Systems worth $426,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Nationwide Fund Advisors boosted its holdings in shares of Amtech Systems by 427.8% in the 3rd quarter. Nationwide Fund Advisors now owns 9,500 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 7,700 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Amtech Systems in the 2nd quarter valued at $241,000. PDT Partners LLC acquired a new position in shares of Amtech Systems in the 2nd quarter valued at $225,000. Dimensional Fund Advisors LP lifted its stake in shares of Amtech Systems by 12.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 466,683 shares of the semiconductor company’s stock valued at $3,939,000 after purchasing an additional 52,701 shares during the period. Finally, Virtu KCG Holdings LLC lifted its stake in shares of Amtech Systems by 14.6% in the 2nd quarter. Virtu KCG Holdings LLC now owns 14,268 shares of the semiconductor company’s stock valued at $120,000 after purchasing an additional 1,813 shares during the period. 59.27% of the stock is currently owned by institutional investors and hedge funds.
Amtech Systems, Inc. (NASDAQ ASYS) opened at $10.70 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. The firm has a market cap of $159.53, a price-to-earnings ratio of 16.66 and a beta of 1.98. Amtech Systems, Inc. has a 12-month low of $4.02 and a 12-month high of $15.45.
In related news, Director Michael Garnreiter sold 5,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $10.00, for a total value of $50,000.00. Following the completion of the sale, the director now owns 5,000 shares of the company’s stock, valued at $50,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul J. Van Der Wansem sold 70,030 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $13.04, for a total transaction of $913,191.20. Following the completion of the sale, the director now directly owns 330,199 shares of the company’s stock, valued at approximately $4,305,794.96. The disclosure for this sale can be found here. Insiders sold 144,292 shares of company stock valued at $1,857,068 over the last quarter. Company insiders own 34.60% of the company’s stock.
ASYS has been the subject of several analyst reports. Zacks Investment Research cut shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Benchmark reiterated a “buy” rating and issued a $18.00 target price (up from $12.00) on shares of Amtech Systems in a research note on Tuesday, November 21st. Finally, ValuEngine upgraded shares of Amtech Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 21st. One analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Amtech Systems currently has an average rating of “Buy” and a consensus price target of $14.88.
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Amtech Systems Company Profile
Amtech Systems, Inc is engaged in the manufacture of capital equipment, including thermal processing, silicon wafer handling automation and related consumables used in fabricating solar cells, Light Emitting Diode (LED) and semiconductor devices. The Company operates through three business segments: solar, semiconductor and polishing.
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