In This Article:
Transaction Overview
On December 31, 2023, Chuck Royce (Trades, Portfolio)'s investment firm made a notable adjustment to its portfolio by reducing its stake in Amtech Systems Inc (NASDAQ:ASYS). The firm sold 35,600 shares at a price of $4.20 each, resulting in a total holding of 1,443,080 shares. This trade action reflects a -2.41% change in the firm's holdings and a 0.06% impact on the portfolio, with the firm retaining a 10.17% position in ASYS.
Guru Profile: Chuck Royce (Trades, Portfolio)
Charles M. Royce, a venerated figure in the investment world, is renowned for his expertise in small-cap investing. As the portfolio manager for Royce Pennsylvania Mutual Fund since 1972, Royce has built a reputation for his astute investment strategies. With a bachelor's degree from Brown University and an MBA from Columbia University, Royce's firm focuses on companies with market capitalizations up to $5 billion, seeking stocks that trade below their estimated enterprise value. The firm's top holdings include FormFactor Inc (NASDAQ:FORM), Ziff Davis Inc (NASDAQ:ZD), and Air Lease Corp (NYSE:AL), among others, with a significant presence in the industrials and technology sectors, and an equity portfolio valued at $9.82 billion.
Amtech Systems Inc at a Glance
Amtech Systems Inc, with its stock symbol ASYS, operates within the semiconductor industry in the United States. Since its IPO on September 7, 1984, the company has specialized in manufacturing capital equipment and related consumables for semiconductor devices, electronic assemblies, and LEDs. With segments in Material and Substrate and Semiconductor, ASYS has a market capitalization of $63.434 million. Despite a current stock price of $4.47 and a GF Score of 64/100, the company's financial performance indicates possible challenges, with a GF Value of $11.71 and a stock price to GF Value ratio of 0.38.
Impact of the Trade on Royce's Portfolio
The recent reduction in ASYS shares by Chuck Royce (Trades, Portfolio)'s firm suggests a strategic move within the portfolio. Although the trade did not significantly impact the overall portfolio due to its 0% trade impact, it does alter the firm's position in ASYS to 10.17%. This adjustment may reflect the firm's assessment of ASYS's current market valuation and future potential.
Market Valuation and Stock Performance
ASYS's current market valuation presents a mixed picture. The stock has experienced a 6.43% gain since the transaction, with a year-to-date increase of 3.23%. However, the stock's performance since its IPO has declined by -55.3%. The GF Value suggests caution, labeling the stock as a possible value trap, and advising investors to think twice before investing.