Connor Clark & Lunn Investment Management Ltd. Sells 5,292 Shares of Amtech Systems, Inc. (NASDAQ:ASYS)

Connor Clark & Lunn Investment Management Ltd. lowered its holdings in shares of Amtech Systems, Inc. (NASDAQ:ASYSGet Rating) by 16.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,255 shares of the semiconductor company’s stock after selling 5,292 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Amtech Systems were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Acadian Asset Management LLC grew its stake in Amtech Systems by 7.6% in the 4th quarter. Acadian Asset Management LLC now owns 123,337 shares of the semiconductor company’s stock valued at $1,217,000 after buying an additional 8,705 shares during the last quarter. B. Riley Asset Management LLC acquired a new stake in Amtech Systems in the 4th quarter worth $3,961,000. Essex Investment Management Co. LLC grew its position in Amtech Systems by 8.1% in the 4th quarter. Essex Investment Management Co. LLC now owns 241,120 shares of the semiconductor company’s stock worth $2,382,000 after purchasing an additional 18,123 shares during the last quarter. Kokino LLC acquired a new stake in Amtech Systems in the 4th quarter worth $22,230,000. Finally, Royce & Associates LP grew its position in Amtech Systems by 7.0% in the 1st quarter. Royce & Associates LP now owns 1,288,251 shares of the semiconductor company’s stock worth $12,960,000 after purchasing an additional 84,391 shares during the last quarter. Institutional investors own 64.79% of the company’s stock.

Insider Activity at Amtech Systems

In related news, Director Jong S. Whang sold 50,000 shares of Amtech Systems stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $13.07, for a total transaction of $653,500.00. Following the completion of the transaction, the director now directly owns 70,681 shares of the company’s stock, valued at approximately $923,800.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amtech Systems news, CEO Michael Whang sold 23,754 shares of the business’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $12.55, for a total value of $298,112.70. Following the completion of the transaction, the chief executive officer now directly owns 19,496 shares of the company’s stock, valued at $244,674.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jong S. Whang sold 50,000 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $13.07, for a total transaction of $653,500.00. Following the completion of the transaction, the director now directly owns 70,681 shares of the company’s stock, valued at $923,800.67. The disclosure for this sale can be found here. 20.80% of the stock is currently owned by insiders.

Amtech Systems Stock Performance

Shares of Amtech Systems stock opened at $10.70 on Tuesday. The firm’s 50-day simple moving average is $8.61 and its 200-day simple moving average is $9.05. Amtech Systems, Inc. has a twelve month low of $6.66 and a twelve month high of $15.78. The firm has a market cap of $148.61 million, a P/E ratio of 10.81 and a beta of 1.27.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ASYS. StockNews.com lowered shares of Amtech Systems from a “buy” rating to a “hold” rating in a research report on Friday. TheStreet upgraded shares of Amtech Systems from a “c” rating to a “b-” rating in a research report on Tuesday, August 30th.

About Amtech Systems

(Get Rating)

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 in Semiconductor and Material and Substrate segments.

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Institutional Ownership by Quarter for Amtech Systems (NASDAQ:ASYS)

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