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Robert M. Averick, a director and significant shareholder of Amtech Systems Inc. (NASDAQ:ASYS), has made a notable purchase of the company’s stock, according to a recent SEC filing. On February 7, Averick acquired 54,789 shares of Amtech Systems at an average price of $5.02 per share, totaling approximately $275,040. Following this transaction, Averick’s direct ownership stands at 560,789 shares. The stock, which has gained nearly 50% over the past year, currently trades near InvestingPro’s calculated Fair Value, with a Financial Health Score rated as "FAIR."
In addition to his direct holdings, Averick indirectly holds shares through various entities and family accounts. These include 2,250,000 shares beneficially owned by the Kokino Family Clients, 500 shares held in a custodial account for a family member, and 11,000 shares owned by his spouse. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 3.39 and operates with moderate debt levels.
This purchase reflects Averick’s continued investment in Amtech Systems, a company specializing in the production of special industry machinery. With a market capitalization of $73.45 million and revenue of $100.68 million in the last twelve months, InvestingPro analysis reveals 8 additional key insights about the company’s valuation and growth prospects, available to subscribers.
In other recent news, Amtech Systems has exceeded expectations with its Q1 FY2025 earnings. The company reported a non-GAAP earnings per share (EPS) of $0.06, surpassing the forecasted loss of $0.01. However, it fell slightly short in revenue, posting $24.4 million against the anticipated $24.75 million. Amtech’s restructuring efforts led to significant cost savings, and the company sees a positive outlook for AI infrastructure and semiconductor packaging. Despite the slight revenue miss, the company’s focus on optimizing operations and refining business segments has shown resilience. For Q2, Amtech projects revenue between $21 million and $23 million, with adjusted EBITDA expected to be nominally positive. The company’s CEO, Bob Daigle, expressed confidence in the strategic initiatives and industry dynamics positioning Amtech well for sustained growth.
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