An inside shareholder of Amtech Systems (ASYS) shares is adding to his already large stake in the company. This has led GeoInvesting to take a closer look at ASYS, a company that designs, assembles, sells, and installs capital equipment and related consumables used in the manufacture of wafers, primarily for the solar and semiconductor industries worldwide.
Revenue Growth Picture is Improving
Although Amtech Systems is expected to lose money in 2015 for the third year in a row, the revenue growth picture is improving. Revenues grew 62.4% to $56.5 million in 2014 and are expected to grow 84% to $104 million in 2015 and then 72% to $180 in 2016. The company is expected to also return to profitability in 2016 when analysts expect EPS to come in at around $0.80. The major reason we are currently looking at the company is the non-option related insider buying (134,000 shares in recent weeks) taking place at current prices. Although we feel shares are currently fairly valued we think investors may push shares higher as they follow insider purchases. We are taking a very small speculative position in hopes of a technical bounce.
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