Royce & Associates Cuts Amtech Systems Stake to 9.9%
Ticker: ASYS · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 720500
| Field | Detail |
|---|---|
| Company | Amtech Systems Inc (ASYS) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | mixed |
Complexity: simple
Sentiment: mixed
Topics: institutional-ownership, stake-change, amendment
TL;DR
**Royce & Associates trimmed its Amtech Systems stake to 9.9% as of Dec 31, 2023.**
AI Summary
Royce & Associates, LP, a New York-based investment firm, filed an amended SC 13G/A on January 23, 2024, disclosing their ownership in Amtech Systems, Inc. As of December 31, 2023, Royce & Associates, LP beneficially owned 1,443,080 shares of Amtech Systems' Common Stock, representing 9.9% of the company. This filing indicates a slight decrease in their reported ownership percentage from a previous filing, which could signal a shift in their investment strategy for Amtech Systems.
Why It Matters
This filing shows that a significant institutional investor, Royce & Associates, LP, has slightly reduced its stake in Amtech Systems, Inc., which could be interpreted by other investors as a signal about the stock's future prospects.
Risk Assessment
Risk Level: low — This filing is a routine update on institutional ownership and does not indicate any immediate or significant risk to the company or its investors.
Analyst Insight
Investors should monitor future 13G/A filings from Royce & Associates, LP to track their ongoing position in Amtech Systems, Inc., as changes by large institutional holders can influence market sentiment.
Key Numbers
- 1,443,080 — Shares Beneficially Owned (the total number of Amtech Systems shares held by Royce & Associates, LP)
- 9.9% — Percentage of Class (the percentage of Amtech Systems' Common Stock owned by Royce & Associates, LP)
- 032332504 — CUSIP Number (unique identifier for Amtech Systems' Common Stock)
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person and institutional investor
- Amtech Systems, Inc. (company) — the subject company whose securities are being reported
- New York (company) — place of organization for Royce & Associates, LP
- December 31, 2023 (date) — the date of the event requiring the filing
Forward-Looking Statements
- Royce & Associates, LP may continue to adjust its stake in Amtech Systems, Inc. based on market conditions and their investment thesis. (Royce & Associates, LP) — medium confidence, target: Q1 2024
FAQ
Who filed this SC 13G/A amendment?
The SC 13G/A amendment was filed by Royce & Associates, LP, an investment firm based in New York.
What is the name of the company whose shares are being reported in this filing?
The company whose shares are being reported is Amtech Systems, Inc.
How many shares of Amtech Systems, Inc. Common Stock does Royce & Associates, LP beneficially own as of the reporting date?
As of December 31, 2023, Royce & Associates, LP beneficially owns 1,443,080 shares of Amtech Systems, Inc. Common Stock.
What percentage of Amtech Systems, Inc.'s Common Stock does Royce & Associates, LP own?
Royce & Associates, LP owns 9.9% of Amtech Systems, Inc.'s Common Stock.
What was the date of the event that required the filing of this statement?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding AMTECH SYSTEMS INC (ASYS).