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Even if it's not a huge purchase, we think it was good to see that Robert Averick, the Independent Director of Amtech Systems, Inc. (NASDAQ:ASYS) recently shelled out US$74k to buy stock, at US$9.83 per share. However, it only increased their shares held by 3.0%, and it wasn't a huge purchase by absolute value, either.
See our latest analysis for Amtech Systems
Amtech Systems Insider Transactions Over The Last Year
Notably, that recent purchase by Robert Averick is the biggest insider purchase of Amtech Systems shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$10.22. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Amtech Systems insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Robert Averick.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Amtech Systems insiders own about US$20m worth of shares. That equates to 14% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Amtech Systems Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. Insiders likely see value in Amtech Systems shares, given these transactions (along with notable insider ownership of the company). Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Amtech Systems.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.