Nuveen LLC Purchases New Shares in Aehr Test Systems $AEHR

Key Points

• Nuveen LLC has acquired a new stake in Aehr Test Systems, purchasing 73,331 shares valued at approximately $535,000, which represents a 0.25% ownership in the company.
• Other institutional investors have also increased their positions in AEHR, with Point72 Asset Management acquiring a significant new position valued at $15.31 million in the last quarter.
• Aehr Test Systems reported a quarterly earnings EPS of ($0.01), surpassing analyst estimates, but its revenue of $14.10 million fell short of expectations of $14.83 million.

Nuveen LLC bought a new position in Aehr Test Systems (NASDAQ:AEHR - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 73,331 shares of the semiconductor company's stock, valued at approximately $535,000. Nuveen LLC owned approximately 0.25% of Aehr Test Systems at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Aehr Test Systems during the fourth quarter worth about $272,000. Mariner LLC bought a new position in shares of Aehr Test Systems during the 4th quarter worth approximately $180,000. Dimensional Fund Advisors LP boosted its stake in shares of Aehr Test Systems by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 137,241 shares of the semiconductor company's stock worth $2,283,000 after buying an additional 2,365 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Aehr Test Systems by 23.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 24,716 shares of the semiconductor company's stock valued at $412,000 after acquiring an additional 4,772 shares in the last quarter. Finally, Northern Trust Corp grew its holdings 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 acquiring an additional 19,401 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

Aehr Test Systems Trading Down 1.6%

Shares of NASDAQ:AEHR traded down $0.43 during mid-day trading on Wednesday, reaching $26.40. The company had a trading volume of 1,063,561 shares, compared to its average volume of 1,993,265. Aehr Test Systems has a one year low of $6.27 and a one year high of $27.74. The company's 50-day moving average price is $19.56 and its 200-day moving average price is $12.94. The firm has a market cap of $789.89 million, a price-to-earnings ratio of -203.06 and a beta of 2.54.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last issued its earnings results on Tuesday, July 8th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating 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 analyst estimates of $14.83 million. On average, research analysts anticipate that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Insider Buying and Selling

In other Aehr Test Systems news, VP Alistair N. Sporck sold 3,000 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $14.13, for a total transaction of $42,390.00. Following the sale, the vice president owned 30,808 shares of the company's stock, valued at $435,317.04. The trade was a 8.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Rhea J. Posedel sold 18,000 shares of the company's 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 sale, the director directly owned 71,163 shares in the company, valued at $1,411,162.29. This trade represents a 20.19% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,000 shares of company stock valued at $506,830. Company insiders own 6.20% of the company's stock.

Analyst Upgrades and Downgrades

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

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.