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

Amtech Systems (ASYS) : Hollow Brook Wealth Management reduced its stake in Amtech Systems by 0.24% during the most recent quarter end. The investment management company now holds a total of 527,801 shares of Amtech Systems which is valued at $3 Million after selling 1,276 shares in Amtech Systems , the firm said in a disclosure report filed with the SEC on May 13, 2016.Amtech Systems makes up approximately 1.83% of Hollow Brook Wealth Management’s portfolio.

Other Hedge Funds, Including , Geode Capital Management reduced its stake in ASYS by selling 26 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 61,752 shares of ASYS which is valued at $351,369. Oxford Asset Management sold out all of its stake in ASYS during the most recent quarter. The investment firm sold 19,560 shares of ASYS which is valued $111,296.Cookson Peirce Co Inc reduced its stake in ASYS by selling 2,537 shares or 8.75% in the most recent quarter. The Hedge Fund company now holds 26,465 shares of ASYS which is valued at $152,703. Amtech Systems makes up approx 0.02% of Cookson Peirce Co Inc’s portfolio.

Amtech Systems closed down -0.03 points or -0.45% at $6.58 with 7,764 shares getting traded on Wednesday. Post opening the session at $6.745, the shares hit an intraday low of $6.56 and an intraday high of $6.75 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Amtech Systems reported $-0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.33 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.44. The company had revenue of $22.48 million for the quarter, compared to analysts expectations of $21.15 million. The company’s revenue was down -7.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.19 EPS.

Many Wall Street Analysts have commented on Amtech Systems. Shares were Reiterated by The Benchmark Company on May 6, 2016 to “Buy” and Lowered the Price Target to $ 8.90 from a previous price target of $9.50 .

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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