Panoramic Capital LLC Buys New Shares in Aehr Test Systems (NASDAQ:AEHR)

Panoramic Capital LLC acquired a new position in Aehr Test Systems (NASDAQ:AEHR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 167,516 shares of the semiconductor company's stock, valued at approximately $2,786,000. Aehr Test Systems comprises approximately 1.5% of Panoramic Capital LLC's portfolio, making the stock its 19th largest position. Panoramic Capital LLC owned approximately 0.56% of Aehr Test Systems at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of AEHR. Rice Hall James & Associates LLC raised its holdings in shares of Aehr Test Systems by 59.1% in the fourth quarter. Rice Hall James & Associates LLC now owns 634,391 shares of the semiconductor company's stock valued at $10,550,000 after buying an additional 235,625 shares during the last quarter. Baillie Gifford & Co. increased its stake in Aehr Test Systems by 12.0% during the 4th quarter. Baillie Gifford & Co. now owns 2,023,559 shares of the semiconductor company's stock worth $33,652,000 after purchasing an additional 216,710 shares in the last quarter. Pier Capital LLC increased its stake in Aehr Test Systems by 27.2% during the 4th quarter. Pier Capital LLC now owns 524,231 shares of the semiconductor company's stock worth $8,718,000 after purchasing an additional 112,154 shares in the last quarter. Mirabella Financial Services LLP bought a new stake in Aehr Test Systems during the 4th quarter worth approximately $1,548,000. Finally, Annex Advisory Services LLC bought a new stake in Aehr Test Systems during the 4th quarter worth approximately $1,303,000. Institutional investors and hedge funds own 69.69% of the company's stock.

Insider Transactions at Aehr Test Systems

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

Aehr Test Systems Stock Performance

NASDAQ AEHR traded down $0.22 during trading hours on Monday, reaching $9.07. 199,435 shares of the company's stock were exchanged, compared to its average volume of 1,167,648. The company has a market capitalization of $270.05 million, a price-to-earnings ratio of 12.10 and a beta of 2.21. Aehr Test Systems has a one year low of $6.27 and a one year high of $21.44. The company's 50-day moving average is $8.44 and its two-hundred day moving average is $10.95.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Aehr Test Systems to a "sell" rating in a research note on Tuesday, May 13th.

About Aehr Test Systems

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.