Kovack Advisors Inc. Buys 45,400 Shares of Amtech Systems, Inc. (NASDAQ:ASYS)

Kovack Advisors Inc. lifted its stake in Amtech Systems, Inc. (NASDAQ:ASYS) by 225.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,500 shares of the semiconductor company’s stock after acquiring an additional 45,400 shares during the period. Kovack Advisors Inc. owned 0.46% of Amtech Systems worth $357,000 at the end of the most recent quarter.

Separately, Geode Capital Management LLC increased its position in Amtech Systems by 6.1% during the 3rd quarter. Geode Capital Management LLC now owns 128,067 shares of the semiconductor company’s stock valued at $743,000 after buying an additional 7,314 shares in the last quarter. Hedge funds and other institutional investors own 50.21% of the company’s stock.

Amtech Systems Price Performance

Shares of NASDAQ:ASYS opened at $4.94 on Friday. The business’s 50-day moving average is $5.32 and its 200 day moving average is $5.70. Amtech Systems, Inc. has a 1 year low of $4.60 and a 1 year high of $6.96. The firm has a market capitalization of $70.59 million, a P/E ratio of 61.76 and a beta of 1.38.

Amtech Systems (NASDAQ:ASYS) last announced its earnings results on Monday, December 9th. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.04. Amtech Systems had a return on equity of 0.66% and a net margin of 1.18%. On average, analysts expect that Amtech Systems, Inc. will post 0.05 EPS for the current year.

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.