Whilst it may not be a huge deal, we thought it was good to see that the Amtech Systems, Inc. (NASDAQ:ASYS) Independent Director, Robert Averick, recently bought US$86k worth of stock, for US$4.21 per share. However, it only increased their shares held by 5.1%, and it wasn't a huge purchase by absolute value, either.
Amtech Systems Insider Transactions Over The Last Year
The President Robert Daigle made the biggest insider purchase in the last 12 months. That single transaction was for US$260k worth of shares at a price of US$3.96 each. We do like to see buying, but this purchase was made at well below the current price of US$4.61. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
While Amtech Systems insiders bought shares during the last year, they didn't sell. They paid about US$5.94 on average. These transactions suggest that insiders have considered the current price attractive. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Amtech Systems is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership Of Amtech Systems
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Amtech Systems insiders own 15% of the company, worth about US$10m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Amtech Systems Tell Us?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Insiders likely see value in Amtech Systems shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Amtech Systems. You'd be interested to know, that we found 3 warning signs for Amtech Systems and we suggest you have a look.
But note: Amtech Systems may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.