Hollow Brook Wealth Management Lowers stake in Amtech Systems (ASYS)

Amtech Systems (ASYS) : Hollow Brook Wealth Management reduced its stake in Amtech Systems by 2.22% during the most recent quarter end. The investment management company now holds a total of 516,073 shares of Amtech Systems which is valued at $2,786,794 after selling 11,728 shares in Amtech Systems , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Amtech Systems makes up approximately 1.90% of Hollow Brook Wealth Management’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies boosted its stake in ASYS in the latest quarter, The investment management firm added 4,600 additional shares and now holds a total of 60,436 shares of Amtech Systems which is valued at $326,354.Blackrock Fund Advisors reduced its stake in ASYS by selling 572 shares or 1.88% in the most recent quarter. The Hedge Fund company now holds 29,814 shares of ASYS which is valued at $160,996.Winslow Evans Crocker boosted its stake in ASYS in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 330 shares of Amtech Systems which is valued at $1,937.

Amtech Systems closed down -0.04 points or -0.75% at $5.32 with 17,678 shares getting traded on Thursday. Post opening the session at $5.36, the shares hit an intraday low of $5.32 and an intraday high of $5.61 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Amtech Systems reported $-0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.29. The company had revenue of $33.34 million for the quarter, compared to analysts expectations of $31.25 million. The company’s revenue was down -16.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.12 EPS.

Amtech Systems Inc. (Amtech) 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. Semiconductors or semiconductor chips are fabricated on silicon wafer substrates sliced from ingots and are part of many products including solar cells computers telecommunications devices automotive products consumer goods and industrial automation and control systems. The Company’s wafer handling thermal processing and consumable products address the diffusion oxidation and deposition steps used in the fabrication of solar cells light emitting diodes (LEDs) semiconductors microelectromechanical systems (MEMS) and the polishing of newly sliced silicon wafers. It operates through six subsidiaries: Tempress Systems B.V. P.R. Hoffman Machine Products Inc. Bruce Technologies Inc. R2D Automation Solaytec and BTU International.

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