Amtech Systems, Inc. (NASDAQ:ASYS) Short Interest Down 7.5% in December

Amtech Systems, Inc. (NASDAQ:ASYS) saw a significant decline in short interest in December. As of December 31st, there was short interest totalling 221,100 shares, a decline of 7.5% from the December 15th total of 238,900 shares. Based on an average daily volume of 43,000 shares, the days-to-cover ratio is currently 5.1 days. Currently, 1.9% of the company’s stock are short sold.

Amtech Systems stock traded up $0.13 during midday trading on Thursday, hitting $7.57. The stock had a trading volume of 914 shares, compared to its average volume of 44,338. The company has a current ratio of 3.53, a quick ratio of 2.96 and a debt-to-equity ratio of 0.06. The stock has a market cap of $105.74 million, a P/E ratio of 26.93 and a beta of 2.35. Amtech Systems has a 12 month low of $4.43 and a 12 month high of $7.52. The business has a fifty day moving average price of $6.67 and a 200 day moving average price of $5.77.

Amtech Systems (NASDAQ:ASYS) last announced its quarterly earnings data on Thursday, November 21st. The semiconductor company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. The firm had revenue of $20.10 million during the quarter, compared to analyst estimates of $19.23 million. Amtech Systems had a positive return on equity of 1.42% and a negative net margin of 5.66%. Amtech Systems’s quarterly revenue was down 13.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.61) earnings per share. On average, equities analysts anticipate that Amtech Systems will post 0.01 EPS for the current fiscal year.

A number of research analysts have commented on the company. TheStreet upgraded Amtech Systems from a “d+” rating to a “c-” rating in a research note on Thursday, November 7th. Benchmark restated a “hold” rating on shares of Amtech Systems in a research note on Monday, November 25th. Zacks Investment Research cut Amtech Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 26th. Finally, ValuEngine cut Amtech Systems from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $6.17.

A number of hedge funds have recently modified their holdings of ASYS. Jacobs Levy Equity Management Inc. acquired a new position in Amtech Systems in the second quarter valued at approximately $85,000. Millennium Management LLC boosted its stake in Amtech Systems by 434.5% in the third quarter. Millennium Management LLC now owns 11,372 shares of the semiconductor company’s stock valued at $60,000 after acquiring an additional 14,772 shares during the period. BlackRock Inc. boosted its stake in Amtech Systems by 8.0% in the second quarter. BlackRock Inc. now owns 136,648 shares of the semiconductor company’s stock valued at $752,000 after acquiring an additional 10,122 shares during the period. Tower Research Capital LLC TRC boosted its stake in Amtech Systems by 7,568.0% in the third quarter. Tower Research Capital LLC TRC now owns 5,751 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 5,676 shares during the period. Finally, California Public Employees Retirement System boosted its stake in Amtech Systems by 5.8% in the third quarter. California Public Employees Retirement System now owns 91,538 shares of the semiconductor company’s stock valued at $485,000 after acquiring an additional 5,000 shares during the period. Institutional investors own 57.19% of the company’s stock.

Amtech Systems Company Profile

Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating solar cells, light-emitting diodes (LEDs), and semiconductor devices in the United States, Europe, China, Malaysia, Taiwan, Germany, the Netherlands, France, and internationally. The company operates through three segments: Solar, Semiconductor, and Polishing.

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