Connor Clark & Lunn Investment Management Ltd. Acquires 3,179 Shares of Amtech Systems, Inc. (NASDAQ:ASYS)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Amtech Systems, Inc. (NASDAQ:ASYS) by 15.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,115 shares of the semiconductor company’s stock after purchasing an additional 3,179 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.16% of Amtech Systems worth $221,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its stake in shares of Amtech Systems by 491.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 4,947 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 4,111 shares during the period. White Pine Capital LLC bought a new position in shares of Amtech Systems in the 1st quarter worth approximately $146,000. Essex Investment Management Co. LLC lifted its stake in shares of Amtech Systems by 16.9% in the 1st quarter. Essex Investment Management Co. LLC now owns 311,818 shares of the semiconductor company’s stock worth $2,975,000 after purchasing an additional 45,157 shares during the period. Royce & Associates LP lifted its stake in shares of Amtech Systems by 1.7% in the 1st quarter. Royce & Associates LP now owns 1,415,937 shares of the semiconductor company’s stock worth $13,508,000 after purchasing an additional 24,167 shares during the period. Finally, WealthTrust Axiom LLC raised its stake in Amtech Systems by 11.8% during the 1st quarter. WealthTrust Axiom LLC now owns 45,456 shares of the semiconductor company’s stock worth $434,000 after acquiring an additional 4,803 shares during the period. Institutional investors own 46.63% of the company’s stock.

Insider Activity

In related news, CEO Robert C. Daigle acquired 15,386 shares of Amtech Systems stock in a transaction dated Friday, August 11th. The shares were purchased at an average price of $8.93 per share, for a total transaction of $137,396.98. Following the completion of the transaction, the chief executive officer now directly owns 18,470 shares in the company, valued at approximately $164,937.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Robert C. Daigle acquired 15,386 shares of Amtech Systems stock in a transaction dated Friday, August 11th. The shares were purchased at an average price of $8.93 per share, for a total transaction of $137,396.98. Following the completion of the transaction, the chief executive officer now directly owns 18,470 shares in the company, valued at approximately $164,937.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert C. Daigle acquired 8,250 shares of Amtech Systems stock in a transaction dated Thursday, August 24th. The shares were bought at an average price of $8.59 per share, for a total transaction of $70,867.50. Following the transaction, the chief executive officer now owns 30,202 shares of the company’s stock, valued at $259,435.18. The disclosure for this purchase can be found here. Insiders have purchased a total of 40,836 shares of company stock worth $359,764 over the last quarter. Insiders own 20.20% of the company’s stock.

Amtech Systems Stock Performance

Amtech Systems stock opened at $8.57 on Monday. The stock has a market cap of $121.44 million, a P/E ratio of 32.96 and a beta of 1.53. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.08 and a quick ratio of 1.79. Amtech Systems, Inc. has a 1 year low of $7.50 and a 1 year high of $12.82. The firm’s 50 day moving average price is $9.60 and its 200-day moving average price is $9.31.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. TheStreet cut shares of Amtech Systems from a “b” rating to a “c+” rating in a research note on Friday, August 11th. StockNews.com assumed coverage on shares of Amtech Systems in a research note on Thursday, August 17th. They set a “hold” rating on the stock.

Amtech Systems Company Profile

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.