Charles Schwab Investment Management Inc. Purchases 10,327 Shares of Aehr Test Systems $AEHR

Key Points

• Charles Schwab Investment Management Inc. increased its ownership in Aehr Test Systems by 4.8%, acquiring a total of 225,923 shares valued at approximately $1.65 million.
• In addition to Schwab, other institutional investors have made significant increases in their holdings, with 69.69% of the company's stock now owned by institutions.
• Insider sales were notable, with a director selling 5,000 shares for $107,500 and another selling 18,000 shares for $356,940, indicating a decrease in their holdings.

Charles Schwab Investment Management Inc. increased its position in Aehr Test Systems (NASDAQ:AEHR - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 225,923 shares of the semiconductor company's stock after acquiring an additional 10,327 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.76% of Aehr Test Systems worth $1,647,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AEHR. Point72 Asset Management L.P. purchased a new position in shares of Aehr Test Systems in the fourth quarter valued at $15,307,000. Northern Trust Corp grew its position 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 purchasing an additional 19,401 shares in the last quarter. Panoramic Capital LLC purchased a new position in shares of Aehr Test Systems in the fourth quarter valued at $2,786,000. Dimensional Fund Advisors LP grew its position in shares of Aehr Test Systems by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 137,241 shares of the semiconductor company's stock valued at $2,283,000 after purchasing an additional 2,365 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Aehr Test Systems by 32.2% during the fourth quarter. Janus Henderson Group PLC now owns 69,156 shares of the semiconductor company's stock valued at $1,150,000 after buying an additional 16,848 shares during the period. Hedge funds and other institutional investors own 69.69% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Rhea J. Posedel sold 18,000 shares of the firm's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $19.83, for a total value of $356,940.00. Following the transaction, the director directly owned 71,163 shares of the company's stock, valued at approximately $1,411,162.29. This trade represents a 20.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Alistair N. Sporck sold 3,000 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $14.13, for a total value of $42,390.00. Following the sale, 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. In the last three months, insiders have sold 26,000 shares of company stock valued at $506,830. 6.20% of the stock is owned by company insiders.

Aehr Test Systems Stock Down 2.1%

Shares of AEHR traded down $0.54 during trading hours on Friday, hitting $25.75. The company had a trading volume of 189,017 shares, compared to its average volume of 1,225,008. The firm has a market cap of $770.38 million, a P/E ratio of -199.06 and a beta of 2.54. The stock's 50 day moving average price is $18.57 and its 200 day moving average price is $12.55. Aehr Test Systems has a 52-week low of $6.27 and a 52-week high of $27.51.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last released its quarterly earnings data on Tuesday, July 8th. The semiconductor company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. Aehr Test Systems had a negative return on equity of 0.15% and a negative net margin of 6.63%.The firm had revenue of $14.10 million for the quarter, compared to the consensus estimate of $14.83 million. On average, research analysts expect that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Aehr Test Systems 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.