Amtech Systems (NASDAQ:ASYS) announced its quarterly earnings results on Thursday. The semiconductor company reported ($0.61) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.44), MarketWatch Earnings reports. The company had revenue of $28.83 million during the quarter, compared to analyst estimates of $27.17 million. Amtech Systems had a net margin of 3.01% and a return on equity of 8.33%. The firm’s revenue for the quarter was down 47.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 EPS. Amtech Systems updated its Q1 2019 guidance to EPS.
NASDAQ:ASYS opened at $5.50 on Friday. The company has a current ratio of 2.93, a quick ratio of 2.42 and a debt-to-equity ratio of 0.08. The firm has a market cap of $83.48 million, a P/E ratio of 9.65 and a beta of 1.99. Amtech Systems has a twelve month low of $4.25 and a twelve month high of $11.52.
Several large investors have recently bought and sold shares of the stock. Bank of Montreal Can purchased a new stake in Amtech Systems in the second quarter worth about $130,000. Municipal Employees Retirement System of Michigan purchased a new stake in Amtech Systems in the second quarter worth about $388,000. Algert Global LLC purchased a new stake in Amtech Systems in the second quarter worth about $159,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Amtech Systems by 37.3% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 109,320 shares of the semiconductor company’s stock worth $661,000 after buying an additional 29,705 shares in the last quarter. Finally, Royce & Associates LP increased its position in Amtech Systems by 35.1% in the second quarter. Royce & Associates LP now owns 1,127,922 shares of the semiconductor company’s stock worth $6,824,000 after buying an additional 292,876 shares in the last quarter. Institutional investors and hedge funds own 55.59% of the company’s stock.
Amtech Systems Company Profile
Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating solar cells, LED, and semiconductor devices in the United States, Asia, Europe, and internationally. It operates through Solar, Semiconductor, and Polishing segments. The Solar segment supplies thermal processing systems, including diffusion, plasma-enhanced chemical vapor deposition, and atomic layer deposition systems; and automation equipment comprising mass wafer transfer systems, sorters, long-boat transfer systems, load station elevators, buffers, and conveyers, as well as related parts and services.
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