After a quick dip at the open, shares of Amtech Systems, Inc. (NASDAQ:ASYS) traded up for the remainder of the day. In the last hour of trading, however, things took a major turn up, surprising traders and investors alike. In the final hour, between 3 p.m. ET and the close, shares rose from $6.93 to close the day at $8.31. The sudden spike in price and volume came without any major news.
The stock, which was trading as low as $5.74 per share on Friday, is up a staggering 45% in just three trading days. While this is clearly a massive gain, shares are nowhere near their 52-week high of $12.93 seen in April. With the strength of the stock at the close it will be interested to see if shares gap up at the open tomorow morning.The stock increased 32.96% or $2.06 on December 21, hitting $8.31. About 206,232 shares traded hands or up 246.23% from the average. ASYS has declined 40.08% since May 18, 2015 and is currently downtrending. It has underperformed the S&P500 by 37.81%.
From a total of 3 analysts covering Amtech Systems (NYSE:ASYS) stock, 3 rate it a “Buy”, 0 a “Sell”, and 0 a “Hold”. This means that 100% of the ratings are positive. The highest target price is $12 while the lowest target price is $10. The mean of all analyst targets is $11 which is 32.37% above today’s ($8.31) stock price. Amtech Systems was the topic of 3 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus maintained shares on November 20 with a “Buy” rating.
The institutional sentiment increased to 1.18 in Q2 2015. It’s up 0.09, from 1.09 in 2015Q2. The ratio increased, as 9 funds sold all their Amtech Systems, Inc. shares they owned while 8 reduced their positions. 4 funds bought stakes while 16 increased their total positions. Institutions now own 12.55 million shares which is 57.83% more than the previous share count of 7.95 million in 2015Q2.
Kokino Llc holds 26.65% of its total portfolio in Amtech Systems, Inc., equating to 1.79 million shares. Keane Capital Management Inc owns 213,525 shares representing 1.2% of their total US portfolio. Moreover, Hollow Brook Wealth Management Llc has 1.09% of their total portfolio invested in the company, equating to 529,077 shares. The Massachusetts-based New England Private Wealth Advisors Llc has a total of 0.74% of their portfolio invested in the stock. G2 Investment Partners Management Llc, a New York-based fund reported 371,168 shares owned.
Since March 13, 2015, the stock had 5 insider buys, and 0 selling transactions for a total of $2.13 million in net activity. Piton Capital Partners Llc bought 55,000 shares worth $287,134. King Robert F bought 2,000 shares worth $9,740. Pentinga Fokko sold 27,947 shares worth $327,905. Anderson Bradley Clark sold 20,002 shares worth $236,406. The insider Whang Jong S sold 65,613 shares worth $731,788.
Amtech Systems, Inc. is a manufacturer of capital equipment, including thermal processing, silicon wafer handling automation and ion implant equipment and related consumables used in fabricating solar cells, LED and semiconductor devices. The company has a market cap of $82.19 million. Semiconductors, or semiconductor chips, are fabricated on silicon wafer substrates, sliced from ingots, and are part of the circuitry, or electronic components, of many products including solar cells, computers, telecommunications devices, automotive products, consumer goods and industrial automation and control systems. It currently has negative earnings.