Goldman Sachs Group Inc. Sells 31,079 Shares of Aehr Test Systems $AEHR

Key Points

• Goldman Sachs Group Inc. cut its position in Aehr Test Systems by 17.6%, now owning 145,997 shares worth approximately $1,064,000.
• Other institutional investors like AWM Investment Company Inc. and Wellington Management Group LLP increased their stakes in Aehr Test Systems, indicating mixed sentiments among institutional holders.
• Aehr Test Systems reported a loss of $0.01 per share for the latest quarter, slightly beating expectations, but revenues fell short at $14.10 million compared to analyst predictions of $14.83 million.

Goldman Sachs Group Inc. trimmed its stake in shares of Aehr Test Systems (NASDAQ:AEHR - Free Report) by 17.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 145,997 shares of the semiconductor company's stock after selling 31,079 shares during the quarter. Goldman Sachs Group Inc. owned 0.49% of Aehr Test Systems worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. AWM Investment Company Inc. increased its position in Aehr Test Systems by 28.1% in the 1st quarter. AWM Investment Company Inc. now owns 1,587,936 shares of the semiconductor company's stock valued at $11,576,000 after acquiring an additional 348,737 shares in the last quarter. Wellington Management Group LLP increased its position in Aehr Test Systems by 37.5% in the first quarter. Wellington Management Group LLP now owns 276,573 shares of the semiconductor company's stock worth $2,016,000 after purchasing an additional 75,500 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Aehr Test Systems by 4.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 225,923 shares of the semiconductor company's stock worth $1,647,000 after purchasing an additional 10,327 shares during the last quarter. Jump Financial LLC lifted its position in Aehr Test Systems by 324.0% during the 1st quarter. Jump Financial LLC now owns 119,143 shares of the semiconductor company's stock valued at $869,000 after purchasing an additional 91,043 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Aehr Test Systems during the 1st quarter worth approximately $535,000. Institutional investors and hedge funds own 69.69% of the company's stock.

Insider Activity

In other news, Director Rhea J. Posedel sold 18,000 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $19.83, for a total transaction of $356,940.00. Following the transaction, the director owned 71,163 shares in the company, valued at approximately $1,411,162.29. This trade represents a 20.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Alistair N. Sporck sold 3,000 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $14.13, for a total value of $42,390.00. Following the completion of the transaction, the vice president directly owned 30,808 shares in the company, valued at approximately $435,317.04. This represents a 8.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,000 shares of company stock valued at $506,830. 6.80% of the stock is owned by insiders.

Aehr Test Systems Trading Up 8.6%

Shares of NASDAQ:AEHR traded up $2.58 during trading on Monday, hitting $32.53. 1,877,105 shares of the company's stock were exchanged, compared to its average volume of 2,033,967. Aehr Test Systems has a 1-year low of $6.27 and a 1-year high of $32.63. The firm has a 50-day moving average price of $21.85 and a two-hundred day moving average price of $14.08. The firm has a market cap of $974.92 million, a P/E ratio of -250.21 and a beta of 2.53.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 8th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.01. The firm had revenue of $14.10 million during the quarter, compared to analysts' expectations of $14.83 million. Aehr Test Systems had a negative net margin of 6.63% and a negative return on equity of 0.15%. As a group, research analysts predict that Aehr Test Systems will post 0.1 EPS for the current year.

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.