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TEMPE, Ariz. — Robert M. Averick, a director and ten percent owner of Amtech Systems Inc. (NASDAQ:ASYS), recently made a notable purchase of the company’s common stock. According to a Form 4 filing with the Securities and Exchange Commission, Averick acquired 22,000 shares on February 13, 2025, at a price of $4.85 per share. This transaction, valued at approximately $106,699, increases Averick’s direct ownership stake to 582,789 shares. The stock has since risen to $5.62, showing a remarkable 16.3% gain over the past week, according to InvestingPro data.
Averick’s role as a portfolio manager at Kokino LLC involves managing investments for the Kokino Family Clients, who report beneficial ownership of a significant number of Amtech’s shares. This recent acquisition reflects Averick’s ongoing involvement and interest in the company, which operates in the special industry machinery sector. The company, currently valued at approximately $80 million, maintains a "FAIR" financial health score according to InvestingPro, which offers 8 additional valuable insights about ASYS’s financial position.
Amtech Systems, headquartered in Tempe, Arizona, specializes in producing equipment for the solar, semiconductor, and silicon carbide industries. The company’s stock is traded under the ticker ASYS on the NASDAQ exchange. With a strong current ratio of 3.39, the company’s liquid assets comfortably exceed its short-term obligations, though InvestingPro analysis suggests the stock is currently trading near its Fair Value.
In other recent news, Amtech Systems delivered a strong performance in Q1 FY2025, exceeding earnings per share (EPS) forecasts with a non-GAAP EPS of $0.06, a notable improvement over the predicted loss of $0.01. The company reported revenues of $24.4 million, slightly below the anticipated $24.75 million, but an increase of 1% sequentially. Despite the revenue shortfall, Amtech’s strategic initiatives and cost-saving measures have been well received.
Amtech’s restructuring efforts have led to significant cost savings, positioning the company for sustained growth. The company has capitalized on the growing demand in AI infrastructure and advanced packaging, while navigating the challenges in the mature node semiconductor equipment market.
Looking ahead, Amtech projects Q2 revenues between $21 million and $23 million, with adjusted EBITDA expected to be nominally positive. The company continues to focus on growth initiatives, particularly in AI infrastructure and semiconductor packaging, which are viewed as long-term growth drivers.
CEO Bob Daigle stated that the company’s restructuring efforts have strengthened its ability to navigate industry cycles, and emphasized the company’s strategic focus on expanding its market presence. However, potential risks such as supply chain disruptions, market saturation, macroeconomic pressures, and dependence on AI infrastructure growth were also acknowledged.
In response to analysts’ inquiries, the company expressed confidence in their strategies to address automotive market softness and highlighted their focus on advanced packaging and AI edge computing trends as key growth drivers.
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