131,404 Shares in Aeluma, Inc. $ALMU Bought by AWM Investment Company Inc.

AWM Investment Company Inc. purchased a new stake in shares of Aeluma, Inc. (NASDAQ:ALMU - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 131,404 shares of the company's stock, valued at approximately $2,901,000. AWM Investment Company Inc. owned 0.72% of Aeluma at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ALMU. Legal & General Group Plc acquired a new stake in shares of Aeluma in the second quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Aeluma in the 4th quarter valued at $27,000. Quantbot Technologies LP acquired a new stake in Aeluma in the 3rd quarter worth $29,000. BNP Paribas Financial Markets grew its position in Aeluma by 79.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,934 shares of the company's stock worth $31,000 after purchasing an additional 855 shares during the last quarter. Finally, Osaic Holdings Inc. acquired a new position in shares of Aeluma during the second quarter valued at about $32,000.

Wall Street Analysts Forecast Growth

ALMU has been the topic of several research reports. Wall Street Zen lowered Aeluma from a "sell" rating to a "strong sell" rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Aeluma in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.00.

Aeluma Stock Up 4.2%

Shares of ALMU stock opened at $14.22 on Wednesday. The company has a market capitalization of $260.37 million, a P/E ratio of -40.63 and a beta of 4.18. Aeluma, Inc. has a 12-month low of $10.24 and a 12-month high of $31.79. The firm has a 50-day moving average price of $17.76 and a 200 day moving average price of $18.26.

About Aeluma

Aeluma, Inc develops optoelectronic and electronic devices in the United States. The company manufactures semiconductor materials and chips using compound semiconductors on diameter substrates that are used to manufacture mass market microelectronics. It offers its devices for use in mobile, automotive, AI, defence and aerospace, communication, AR/VR, and HPC applications, as well as laser emitters, transistors for integrated circuits, quantum photonic circuits, and solar cells applications. Aeluma, Inc was formerly known as Parc Investments, Inc and changed its name to Aeluma, Inc June 2021.

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