Jump Financial LLC Buys 91,043 Shares of Aehr Test Systems $AEHR

Key Points

• Jump Financial LLC increased its ownership of Aehr Test Systems by 324.0%, acquiring an additional 91,043 shares, bringing its total to 119,143 shares valued at approximately $869,000.
• Other institutional investors, including Invesco Ltd. and JPMorgan Chase & Co., also raised their stakes in Aehr Test Systems, indicating strong institutional interest with 69.69% of the stock now owned by institutional investors.
• Aehr Test Systems recently sold 26,000 shares by insiders, with the director Rhea J. Posedel reducing her position by 20.19%, highlighting recent insider activity amidst fluctuating stock performance.

Jump Financial LLC increased its position in Aehr Test Systems (NASDAQ:AEHR - Free Report) by 324.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 119,143 shares of the semiconductor company's stock after purchasing an additional 91,043 shares during the period. Jump Financial LLC owned 0.40% of Aehr Test Systems worth $869,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AEHR. Quantbot Technologies LP purchased a new stake in Aehr Test Systems during the 1st quarter valued at approximately $31,000. GAMMA Investing LLC grew its holdings in Aehr Test Systems by 1,753.1% during the 1st quarter. GAMMA Investing LLC now owns 7,079 shares of the semiconductor company's stock valued at $52,000 after buying an additional 6,697 shares during the last quarter. State of Wyoming purchased a new stake in shares of Aehr Test Systems during the fourth quarter worth about $67,000. American Century Companies Inc. acquired a new stake in shares of Aehr Test Systems during the first quarter worth $86,000. Finally, Mariner LLC acquired a new position in Aehr Test Systems in the fourth quarter valued at $180,000. Institutional investors and hedge funds own 69.69% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity at Aehr Test Systems

In related news, Director Rhea J. Posedel sold 18,000 shares of the business's stock in a transaction dated 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 directly owned 71,163 shares in the company, valued at $1,411,162.29. The trade was a 20.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Laura Oliphant sold 5,000 shares of the firm's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $21.50, for a total value of $107,500.00. Following the completion of the transaction, the director directly owned 7,665 shares of the company's stock, valued at approximately $164,797.50. This trade represents a 39.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,000 shares of company stock worth $506,830 over the last three months. Company insiders own 6.20% of the company's stock.

Aehr Test Systems Trading Down 0.3%

Aehr Test Systems stock traded down $0.09 during trading hours on Friday, reaching $26.20. 399,061 shares of the company were exchanged, compared to its average volume of 1,226,445. The stock has a 50-day moving average of $18.57 and a 200 day moving average of $12.55. The firm has a market cap of $783.90 million, a price-to-earnings ratio of -202.44 and a beta of 2.54. Aehr Test Systems has a 12 month low of $6.27 and a 12 month high of $27.51.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 8th. The semiconductor company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $14.10 million for the quarter, compared to analyst estimates of $14.83 million. As a group, research analysts forecast that Aehr Test Systems will post 0.1 EPS for the current year.

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.