Amtech Systems, Inc. (NASDAQ:ASYS) Short Interest Up 33.1% in August

Amtech Systems, Inc. (NASDAQ:ASYSGet Rating) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 59,500 shares, an increase of 33.1% from the August 15th total of 44,700 shares. Based on an average daily volume of 40,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.5% of the shares of the stock are sold short.

Insider Buying and Selling at Amtech Systems

In other Amtech Systems news, Director Jong S. Whang sold 50,000 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $13.07, for a total value of $653,500.00. Following the sale, the director now owns 70,681 shares of the company’s stock, valued at approximately $923,800.67. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Michael Whang sold 23,754 shares of the firm’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $12.55, for a total transaction of $298,112.70. Following the sale, the chief executive officer now owns 19,496 shares of the company’s stock, valued at approximately $244,674.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jong S. Whang sold 50,000 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $13.07, for a total value of $653,500.00. Following 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. Company insiders own 20.80% of the company’s stock.

Institutional Trading of Amtech Systems

Large investors have recently made changes to their positions in the company. Essex Investment Management Co. LLC grew its stake in shares of Amtech Systems by 4.8% in the 1st quarter. Essex Investment Management Co. LLC now owns 252,811 shares of the semiconductor company’s stock valued at $2,543,000 after buying an additional 11,691 shares during the period. First Eagle Investment Management LLC grew its stake in shares of Amtech Systems by 298.3% in the 1st quarter. First Eagle Investment Management LLC now owns 47,370 shares of the semiconductor company’s stock valued at $477,000 after buying an additional 35,478 shares during the period. Royce & Associates LP grew its stake in shares of Amtech Systems by 7.0% in the 1st quarter. Royce & Associates LP now owns 1,288,251 shares of the semiconductor company’s stock valued at $12,960,000 after buying an additional 84,391 shares during the period. Kokino LLC acquired a new stake in shares of Amtech Systems in the 4th quarter valued at about $22,230,000. Finally, Acadian Asset Management LLC boosted its stake in Amtech Systems by 7.6% during the 4th quarter. Acadian Asset Management LLC now owns 123,337 shares of the semiconductor company’s stock valued at $1,217,000 after purchasing an additional 8,705 shares during the last quarter. 64.79% of the stock is currently owned by institutional investors and hedge funds.

Amtech Systems Price Performance

Shares of ASYS opened at $10.19 on Friday. The stock has a 50-day moving average of $9.43 and a 200-day moving average of $9.13. The company has a market cap of $141.54 million, a PE ratio of 10.29 and a beta of 1.27. Amtech Systems has a one year low of $6.66 and a one year high of $15.78.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. StockNews.com lowered Amtech Systems from a “buy” rating to a “hold” rating in a research report on Friday, September 2nd. TheStreet raised Amtech Systems from a “c” rating to a “b-” rating in a research report on Tuesday, August 30th.

About Amtech Systems

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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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