Panoramic Capital LLC Invests $2.79 Million in Aehr Test Systems (NASDAQ:AEHR)

Panoramic Capital LLC purchased a new position in shares of Aehr Test Systems (NASDAQ:AEHR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 167,516 shares of the semiconductor company's stock, valued at approximately $2,786,000. Aehr Test Systems comprises 1.5% of Panoramic Capital LLC's investment portfolio, making the stock its 19th biggest position. Panoramic Capital LLC owned approximately 0.56% of Aehr Test Systems as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AEHR. Janus Henderson Group PLC raised its stake in shares of Aehr Test Systems by 32.2% in the fourth quarter. Janus Henderson Group PLC now owns 69,156 shares of the semiconductor company's stock worth $1,150,000 after acquiring an additional 16,848 shares during the last quarter. Deutsche Bank AG grew its holdings in Aehr Test Systems by 63.2% during the fourth quarter. Deutsche Bank AG now owns 23,171 shares of the semiconductor company's stock valued at $385,000 after purchasing an additional 8,970 shares during the period. Balyasny Asset Management L.P. boosted its holdings in shares of Aehr Test Systems by 82.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 68,714 shares of the semiconductor company's stock valued at $1,143,000 after buying an additional 30,991 shares during the period. Bayesian Capital Management LP acquired a new position in shares of Aehr Test Systems in the fourth quarter valued at approximately $185,000. Finally, Northern Trust Corp boosted its holdings in shares of Aehr Test Systems by 8.4% in the fourth quarter. Northern Trust Corp now owns 250,336 shares of the semiconductor company's stock valued at $4,163,000 after buying an additional 19,401 shares during the period. Institutional investors and hedge funds own 69.69% of the company's stock.

Aehr Test Systems Price Performance

Shares of AEHR remained flat at $9.29 during mid-day trading on Friday. 491,476 shares of the stock were exchanged, compared to its average volume of 1,168,327. The business's fifty day moving average price is $8.44 and its 200 day moving average price is $11.00. Aehr Test Systems has a one year low of $6.27 and a one year high of $21.44. The company has a market cap of $276.57 million, a P/E ratio of 12.39 and a beta of 2.21.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Aehr Test Systems to a "sell" rating in a research report on Tuesday.

Insiders Place Their Bets

In other news, EVP Alberto Salamone sold 4,995 shares of Aehr Test Systems stock in a transaction on Monday, May 12th. The shares were sold at an average price of $9.08, for a total value of $45,354.60. Following the completion of the sale, the executive vice president now owns 56,241 shares in the company, valued at $510,668.28. The trade was a 8.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 6.20% of the company's stock.

Aehr Test Systems Company Profile

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.