Point72 Asset Management L.P. Invests $15.31 Million in Aehr Test Systems (NASDAQ:AEHR)

Point72 Asset Management L.P. bought a new position in Aehr Test Systems (NASDAQ:AEHR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 920,427 shares of the semiconductor company's stock, valued at approximately $15,307,000. Point72 Asset Management L.P. owned about 3.10% of Aehr Test Systems at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AEHR. Invesco Ltd. grew its holdings in Aehr Test Systems by 7.9% in the 4th quarter. Invesco Ltd. now owns 16,007 shares of the semiconductor company's stock worth $266,000 after buying an additional 1,172 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in Aehr Test Systems during the 4th quarter worth $28,000. HighTower Advisors LLC boosted its position in Aehr Test Systems by 18.1% during the 4th quarter. HighTower Advisors LLC now owns 13,256 shares of the semiconductor company's stock worth $220,000 after acquiring an additional 2,032 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Aehr Test Systems by 15.4% in the fourth quarter. JPMorgan Chase & Co. now owns 15,591 shares of the semiconductor company's stock worth $259,000 after purchasing an additional 2,076 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Aehr Test Systems by 1.8% during 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 during the period. Institutional investors and hedge funds own 69.69% of the company's stock.

Aehr Test Systems Price Performance

Shares of Aehr Test Systems stock traded down $0.11 on Friday, hitting $8.72. The company had a trading volume of 133,526 shares, compared to its average volume of 1,161,280. Aehr Test Systems has a 52 week low of $6.27 and a 52 week high of $21.44. The company has a market cap of $259.60 million, a PE ratio of 11.63 and a beta of 2.21. The business has a 50-day simple moving average of $8.41 and a 200-day simple moving average of $10.88.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, EVP Alberto Salamone sold 4,995 shares of Aehr Test Systems stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $9.08, for a total value of $45,354.60. Following the transaction, the executive vice president now owns 56,241 shares of the company's stock, valued at $510,668.28. The trade was a 8.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 6.20% of the stock is owned by company insiders.

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.