Kovack Advisors Inc. Cuts Position in Amtech Systems, Inc. (NASDAQ:ASYS)

Kovack Advisors Inc. trimmed its holdings in shares of Amtech Systems, Inc. (NASDAQ:ASYS) by 26.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,100 shares of the semiconductor company’s stock after selling 7,400 shares during the quarter. Kovack Advisors Inc.’s holdings in Amtech Systems were worth $117,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC lifted its stake in Amtech Systems by 19.3% in the second quarter. Acadian Asset Management LLC now owns 18,476 shares of the semiconductor company’s stock valued at $107,000 after purchasing an additional 2,991 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of Amtech Systems during the first quarter worth $375,000. Finally, First Eagle Investment Management LLC increased its holdings in shares of Amtech Systems by 13.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 675,844 shares of the semiconductor company’s stock worth $3,960,000 after buying an additional 77,799 shares during the last quarter. 50.21% of the stock is currently owned by institutional investors.

Amtech Systems Stock Performance

NASDAQ ASYS opened at $5.71 on Friday. Amtech Systems, Inc. has a 52-week low of $3.37 and a 52-week high of $8.11. The company has a fifty day moving average of $5.82 and a 200-day moving average of $5.86. The company has a market capitalization of $81.19 million, a P/E ratio of -4.05 and a beta of 1.45.

About Amtech Systems

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.