Goldman Sachs Group Inc. Purchases 17,297 Shares of Amtech Systems, Inc. $ASYS

Goldman Sachs Group Inc. raised its stake in Amtech Systems, Inc. (NASDAQ:ASYS) by 135.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,066 shares of the semiconductor company’s stock after buying an additional 17,297 shares during the quarter. Goldman Sachs Group Inc. owned about 0.21% of Amtech Systems worth $145,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Sowell Financial Services LLC bought a new position in Amtech Systems in the first quarter valued at approximately $159,000. Northern Trust Corp lifted its stake in Amtech Systems by 31.7% in the fourth 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 in the last quarter. Squarepoint Ops LLC bought a new position in Amtech Systems in the fourth quarter valued at approximately $71,000. Millennium Management LLC lifted its stake in Amtech Systems by 82.7% in the fourth quarter. Millennium Management LLC now owns 22,706 shares of the semiconductor company’s stock valued at $124,000 after buying an additional 10,281 shares in the last quarter. Finally, Kovack Advisors Inc. lifted its stake in Amtech Systems by 15.1% in the first quarter. Kovack Advisors Inc. now owns 75,400 shares of the semiconductor company’s stock valued at $364,000 after buying an additional 9,900 shares in the last quarter. Institutional investors own 50.21% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on ASYS shares. Wall Street Zen raised shares of Amtech Systems from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Zacks Research raised shares of Amtech Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock has an average rating of “Strong Buy”.

Amtech Systems Trading Down 2.1%

Shares of ASYS opened at $9.24 on Tuesday. Amtech Systems, Inc. has a 1-year low of $3.20 and a 1-year high of $10.25. The company has a market cap of $132.26 million, a price-to-earnings ratio of -4.12 and a beta of 1.61. The company’s fifty day simple moving average is $6.46 and its 200 day simple moving average is $4.97.

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 through Semiconductor and Material and Substrate segments.