Squarepoint Ops LLC Acquires New Holdings in Amtech Systems, Inc. (NASDAQ:ASYS)

Squarepoint Ops LLC bought a new position in shares of Amtech Systems, Inc. (NASDAQ:ASYS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,005 shares of the semiconductor company’s stock, valued at approximately $71,000. Squarepoint Ops LLC owned approximately 0.09% of Amtech Systems at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Renaissance Technologies LLC acquired a new stake in shares of Amtech Systems during the fourth quarter worth approximately $64,000. Millennium Management LLC increased its position in Amtech Systems by 82.7% during the fourth quarter. Millennium Management LLC now owns 22,706 shares of the semiconductor company’s stock worth $124,000 after acquiring an additional 10,281 shares during the period. Hillsdale Investment Management Inc. bought a new position in Amtech Systems during the fourth quarter worth $203,000. Northern Trust Corp increased its holdings in Amtech Systems by 31.7% in the 4th quarter. Northern Trust Corp now owns 44,816 shares of the semiconductor company’s stock valued at $244,000 after buying an additional 10,791 shares during the period. Finally, Kovack Advisors Inc. increased its holdings in Amtech Systems by 225.9% in the 4th quarter. Kovack Advisors Inc. now owns 65,500 shares of the semiconductor company’s stock valued at $357,000 after buying an additional 45,400 shares during the period. Institutional investors and hedge funds own 50.21% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Amtech Systems from a “buy” rating to a “sell” rating in a research report on Thursday, May 22nd.

Amtech Systems Price Performance

Shares of ASYS stock opened at $4.02 on Wednesday. The stock has a market cap of $57.54 million, a PE ratio of 50.26 and a beta of 1.56. The stock has a 50-day moving average of $3.78 and a 200-day moving average of $4.77. Amtech Systems, Inc. has a one year low of $3.20 and a one year high of $6.96.

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 through Semiconductor and Material and Substrate segments.