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

Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Amtech Systems, Inc. (NASDAQ:ASYS) by 15.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,115 shares of the semiconductor company’s stock after buying an additional 3,179 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.16% of Amtech Systems worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of New York Mellon Corp raised its position in shares of Amtech Systems by 5.1% during the first quarter. Bank of New York Mellon Corp now owns 31,387 shares of the semiconductor company’s stock valued at $316,000 after buying an additional 1,537 shares during the last quarter. State Street Corp raised its position in shares of Amtech Systems by 7.3% during the first quarter. State Street Corp now owns 37,390 shares of the semiconductor company’s stock valued at $376,000 after buying an additional 2,560 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Amtech Systems by 491.7% during the first quarter. Tower Research Capital LLC TRC now owns 4,947 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 4,111 shares during the last quarter. WealthTrust Axiom LLC grew its holdings in shares of Amtech Systems by 11.8% in the first quarter. WealthTrust Axiom LLC now owns 45,456 shares of the semiconductor company’s stock valued at $434,000 after purchasing an additional 4,803 shares in the last quarter. Finally, Heartland Advisors Inc. grew its holdings in shares of Amtech Systems by 2.3% in the fourth quarter. Heartland Advisors Inc. now owns 307,000 shares of the semiconductor company’s stock valued at $2,333,000 after purchasing an additional 7,000 shares in the last quarter. Institutional investors own 46.63% of the company’s stock.

Insider Transactions at Amtech Systems

In other news, CEO Robert C. Daigle acquired 8,250 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was purchased at an average cost of $8.59 per share, for a total transaction of $70,867.50. Following the completion of the acquisition, the chief executive officer now directly owns 30,202 shares of the company’s stock, valued at approximately $259,435.18. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Robert M. Averick bought 6,500 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were bought at an average price of $8.70 per share, for a total transaction of $56,550.00. Following the completion of the purchase, the director now directly owns 379,500 shares of the company’s stock, valued at $3,301,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert C. Daigle bought 8,250 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was bought at an average price of $8.59 per share, for a total transaction of $70,867.50. Following the purchase, the chief executive officer now directly owns 30,202 shares of the company’s stock, valued at $259,435.18. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 40,836 shares of company stock worth $359,764. 20.20% of the stock is currently owned by insiders.

Amtech Systems Price Performance

NASDAQ:ASYS opened at $8.57 on Monday. Amtech Systems, Inc. has a twelve month low of $7.50 and a twelve month high of $12.82. The company has a market cap of $121.44 million, a price-to-earnings ratio of 32.96 and a beta of 1.53. The stock has a fifty day simple moving average of $9.60 and a 200-day simple moving average of $9.31. The company has a current ratio of 3.08, a quick ratio of 1.79 and a debt-to-equity ratio of 0.09.

Analysts Set New Price Targets

ASYS has been the subject of a number of recent research reports. TheStreet lowered shares of Amtech Systems from a “b” rating to a “c+” rating in a report on Friday, August 11th. StockNews.com initiated coverage on shares of Amtech Systems in a research note on Thursday, August 17th. They set a “hold” rating for the company.

Amtech Systems 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.