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Robert M. Averick, a director and significant shareholder of Amtech Systems Inc. (NASDAQ:ASYS), recently acquired 10,000 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were purchased on March 10 at a weighted average price of $4.86 per share, totaling approximately $48,600. The purchase comes as the stock trades near its 52-week low of $4.60, with a current market capitalization of $69.29 million. According to InvestingPro data, the company maintains a healthy balance sheet with a current ratio of 3.39 and moderate debt-to-equity of 0.21.
Following this transaction, Averick holds 607,611 shares directly, with additional shares held indirectly through various entities and family accounts. Amtech Systems, based in Tempe, Arizona, specializes in the production of special industry machinery. InvestingPro analysis indicates the stock is currently trading near its Fair Value, with a PEG ratio of 0.56 suggesting attractive valuation relative to growth. For deeper insights into ASYS and over 1,400 other stocks, including comprehensive Pro Research Reports, consider exploring InvestingPro.
In other recent news, Amtech Systems Inc. reported its Q1 FY2025 earnings, revealing a non-GAAP earnings per share (EPS) of $0.06, which exceeded the forecasted loss of $0.01. The company generated revenues of $24.4 million, slightly missing the anticipated $24.75 million. Despite the revenue shortfall, Amtech’s strategic restructuring efforts led to significant cost savings and a positive market reaction. Additionally, shareholders approved key proposals during the company’s Annual Meeting, including the election of five directors and the ratification of KPMG LLP as the independent auditor for the fiscal year ending September 30, 2025. An amendment to the 2022 Equity Incentive Plan was also approved, indicating support for the company’s talent retention strategies. Analyst firms have noted these developments, with a focus on the company’s strategic initiatives in AI infrastructure and semiconductor packaging. Amtech’s outlook for Q2 projects revenue between $21 million and $23 million, with adjusted EBITDA expected to be nominally positive. These recent developments underscore Amtech’s efforts to optimize operations and position itself for future growth.
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