September 17, 2023 – Amtech Systems, Inc. (NASDAQ:ASYS) recently experienced a significant increase in short interest during the month of August. The number of shares subject to short selling increased by 34.4% from August 15th to August 31st, totaling 83,200 shares. Currently, approximately 1.1% of the company’s stock is being short sold. With an average daily volume of 42,100 shares, the days-to-cover ratio stands at 2.0 days.
In response to these changes, various hedge funds and institutional investors have adjusted their positions in Amtech Systems. Royce & Associates LP saw a slight increase of 1.7% in its holdings during the first quarter, with an additional purchase of 24,167 shares valued at $13,508,000. Dimensional Fund Advisors LP also increased its stake by 0.7%, acquiring an extra 8,268 shares worth $11,031,000 during the same period.
Essex Investment Management Co. LLC demonstrated a more significant increase of its stake in Amtech Systems by 16.9% during the first quarter through an acquisition of an extra 45,157 shares valued at $2,975,000. Kennedy Capital Management LLC and Ancora Advisors LLC both added to their holdings as well.
The CEO of Amtech Systems also displayed confidence in the company’s performance by purchasing additional shares on multiple occasions recently. On Thursday, August 24th, CEO Robert C. Daigle bought 8,250 shares for a total value of $70,867.50 at an average price per share of $8.59.The following day on August 25th，he purchased another batch of ASYS stocks consisting of approximately$137396.The current total worth owned by Mr.Daigle after his purchases comes out to be around$259,435.18.
As of now, insiders hold approximately 20.20% of the company’s stock.
On Friday, September 15th, NASDAQ:ASYS traded at $7.91 per share with a trading volume of 2,709 shares compared to its average volume of 38,888 shares. Amtech Systems has a market capitalization of $112.08 million and a price-to-earnings ratio of 31.19 with a beta of 1.57.
The company currently possesses a quick ratio of 1.79 and a current ratio of 3.08, indicating good liquidity levels and the ability to meet short-term obligations effectively. Additionally, Amtech Systems has maintained a debt-to-equity ratio of 0.09.
Over the past year, the stock has ranged from $7.50 to $11.98.
Amtech Systems reported its earnings results on Wednesday, August 9th, exceeding analysts’ expectations with an EPS (earnings per share) of $0.01 for the quarter compared to an estimated ($0.01). The company recorded revenue worth $30.74 million during this period while analysts had expected it to be around $33 million.
With a net margin of 3.07% and a return on equity of 4.32%, Amtech Systems is poised for growth in the coming months.
Moving forward in fiscal year September 2023 through October 2024 there are estimates predicting near future gains for ASYS revenues resulting in higher earnings that will ultimately lead ASYS common shares resulted as part of stake holdings in ASYS start yielding better yields at end FY September income results which determines distributions to common shareholders after inventory costs-expenses ,income taxes , management salaries plus related respective percentages all dependent upon board approvals by individual circumstances present then ROE number are calculated along with common reputation held values Bring best close rates against future reords.
Amtech Systems, Inc.
ASYS
Buy
Updated on: 18/09/2023
Assessing Amtech Systems’ Financial Performance and Analyst Ratings
Financial Performance and Analyst Ratings
September 17, 2023
Amtech Systems (NASDAQ:ASYS) recently released its earnings results for the quarter ended on August 9th. The semiconductor company reported earnings per share (EPS) of $0.01 for the quarter, surpassing analysts’ consensus estimates of ($0.01) by $0.02. Despite this positive outcome, Amtech Systems experienced a decline in revenue, generating $30.74 million compared to analysts’ expectations of $33.00 million.
Amtech Systems has shown a net margin of 3.07% and a return on equity of 4.32%. These figures indicate that the company has been able to effectively manage its costs and generate profit, despite the challenges faced in the industry.
Research analysts have made predictions regarding Amtech Systems’ performance for the current year, estimating an EPS of 0.08. While these predictions are subject to various market factors and may evolve over time, they offer insight into the potential future growth and profitability of the company.
In light of these recent developments, several brokerages have issued reports on ASYS’s performance. TheStreet downgraded Amtech Systems from a “b” rating to a “c+” rating on August 11th—suggesting caution about the company’s prospects based on their assessment of market conditions and financial indicators.
Additionally, StockNews.com initiated coverage on Amtech Systems with a “hold” rating on August 17th—an approach signaling neutrality towards the stock’s performance and advising investors to assess other investment alternatives.
Examining Amtech System’s financial results alongside analyst ratings offers investors essential information that can help guide their investment decisions. By evaluating these different perspectives, individuals can gain insights into both the past financial performance as well as expectations for future growth.
It is worth noting that market conditions can change rapidly within any industry; therefore, investors should consider multiple factors beyond this information before forming any definitive conclusions or making investment choices. Continued monitoring of market trends and staying informed about the latest news related to Amtech Systems can help investors make more well-informed decisions regarding their portfolio.
In conclusion, Amtech Systems’ recent earnings report has been met with mixed reactions from both analysts and brokerages. While the company exceeded expectations in terms of EPS, its revenue fell short. Analysts predict a modest EPS for the year, but caution should be exercised when interpreting these predictions given the inherent uncertainty of the market. Investors should consider multiple sources of information and stay updated on industry developments when evaluating Amtech Systems’ potential as an investment option.
