Wax Asset Management Discloses 961,249 Share Stake in Amtech Systems

TL;DR

**Wax Asset Management just revealed a big stake in Amtech Systems, holding 961,249 shares.**

AI Summary

Wax Asset Management, LLC, a Connecticut-based investment firm, reported beneficial ownership of 961,249 shares of Amtech Systems Inc. common stock as of December 31, 2023. This represents a significant stake, giving Wax Asset Management sole voting and dispositive power over these shares. This matters to investors because a large institutional holding can signal confidence in the company's future, potentially influencing other investors and the stock's stability.

Why It Matters

This filing indicates a notable institutional investor, Wax Asset Management, has taken a substantial position in Amtech Systems, which can be seen as a vote of confidence in the company's prospects.

Risk Assessment

Risk Level: low — This filing indicates an institutional investment, which generally adds stability and confidence rather than risk.

Analyst Insight

A smart investor would research Wax Asset Management's investment philosophy and track record, and then consider Amtech Systems Inc. as a potential investment, noting the institutional confidence.

Key Numbers

• 961,249 — Shares Beneficially Owned (Represents the total number of Amtech Systems Inc. common stock shares Wax Asset Management, LLC has sole voting and dispositive power over.)

Key Players & Entities

• Amtech Systems Inc (company) — the subject company whose shares are being reported
• Wax Asset Management, LLC (company) — the reporting person who filed the SC 13G
• 961,249 (dollar_amount) — number of shares beneficially owned by Wax Asset Management, LLC
• December 31, 2023 (person) — the date of the event which required the filing

Forward-Looking Statements

• Other institutional investors may take notice of Wax Asset Management's significant stake and potentially initiate or increase their own positions in Amtech Systems Inc. (Amtech Systems Inc) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• fp0087120-1_sc13g.htm (SC 13G) — 39KB
• 0001398344-24-002399.txt ( ) — 41KB

Ownership

Item 4. Ownership. 12/31/23 (a) Amount beneficially owned: 961,249 (b) Percent of class: 6.8% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 961,249 (ii) Shared power to vote or to direct the vote: (iii) Sole power to dispose or to direct the disposition of: 961,249 (iv) Shared power to dispose or to direct the disposition of: Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ] Item 6. All of the shares of Common Stock set forth in Item 4 are owned by investment advisory clients of Wax Asset Management, LLC, which is deemed to be a beneficial owner of those shares pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, due to its discretionary power to make investment decisions over such shares for its clients. Investment advisory contracts also grant the Adviser voting power over the securities held in client accounts. In all cases, persons other than Wax Asset Management, LLC has the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of the shares. No individual client holds more than five percent of the class. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not applicable Item 8. Identification and Classification of Members of the Group. Not applicable Item 9. Notice of Dissolution of Group. Not applicable CUSIP NO. 032332504 13G Page 5 of 5 Pages Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the

View Full Filing

View this SC 13G filing on SEC EDGAR