Panoramic Capital LLC Trims Stake in Aehr Test Systems $AEHR

Key Points

• Panoramic Capital LLC has significantly decreased its holdings in Aehr Test Systems by 80%, now owning about 33,455 shares valued at $244,000 after selling 134,061 shares in the first quarter.
• Other institutional investors, including MIRAE ASSET GLOBAL ETFS HOLDINGS and Rhumbline Advisers, have increased their positions in Aehr Test Systems, with 69.69% of the stock now owned by institutional investors.
• Insider transactions have occurred, with directors Laura Oliphant and Rhea J. Posedel selling significant shares, reflecting a combined decrease in their ownership of approximately 39.48% and 20.19%, respectively.

Panoramic Capital LLC lessened its stake in shares of Aehr Test Systems (NASDAQ:AEHR - Free Report) by 80.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,455 shares of the semiconductor company's stock after selling 134,061 shares during the period. Panoramic Capital LLC owned about 0.11% of Aehr Test Systems worth $244,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Point72 Asset Management L.P. bought a new stake in shares of Aehr Test Systems in the 4th quarter worth approximately $15,307,000. AWM Investment Company Inc. increased its position in Aehr Test Systems by 28.1% in the first quarter. AWM Investment Company Inc. now owns 1,587,936 shares of the semiconductor company's stock worth $11,576,000 after buying an additional 348,737 shares during the last quarter. Jump Financial LLC raised its stake in shares of Aehr Test Systems by 324.0% in the first quarter. Jump Financial LLC now owns 119,143 shares of the semiconductor company's stock valued at $869,000 after buying an additional 91,043 shares during the period. Wellington Management Group LLP lifted its position in shares of Aehr Test Systems by 37.5% during the 1st quarter. Wellington Management Group LLP now owns 276,573 shares of the semiconductor company's stock valued at $2,016,000 after buying an additional 75,500 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Aehr Test Systems during the 1st quarter valued at $535,000. Institutional investors own 69.69% of the company's stock.

Aehr Test Systems Stock Up 0.6%

AEHR traded up $0.16 during trading hours on Thursday, hitting $26.56. The stock had a trading volume of 1,618,983 shares, compared to its average volume of 1,230,987. Aehr Test Systems has a 1 year low of $6.27 and a 1 year high of $28.41. The company's fifty day simple moving average is $19.56 and its 200 day simple moving average is $12.94. The stock has a market cap of $794.68 million, a PE ratio of -204.29 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 for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. The firm had revenue of $14.10 million during the quarter, compared to analyst estimates 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, equities analysts expect that Aehr Test Systems will post 0.1 EPS for the current year.

Insider Activity at Aehr Test Systems

In other Aehr Test Systems news, Director Rhea J. Posedel sold 18,000 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $19.83, for a total transaction of $356,940.00. Following the sale, the director owned 71,163 shares of the company's stock, valued at $1,411,162.29. The trade was a 20.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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 $164,797.50. The trade was a 39.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,000 shares of company stock worth $506,830. Corporate insiders own 6.20% of the company's stock.

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.