Aehr Test Systems $AEHR Shares Acquired by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its holdings in Aehr Test Systems by 37.5%, acquiring an additional 75,500 shares, bringing its total to 276,573 shares valued at approximately $2.02 million.
• Institutional investors collectively own 69.69% of Aehr Test Systems’ stock, indicating strong confidence in the company's growth potential from various hedge funds.
• Aehr Test Systems reported a quarterly earnings per share (EPS) of ($0.01), exceeding analysts’ expectations but fell short on revenue projections with $14.10 million compared to the expected $14.83 million.

Wellington Management Group LLP increased its holdings in Aehr Test Systems (NASDAQ:AEHR - Free Report) by 37.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,573 shares of the semiconductor company's stock after purchasing an additional 75,500 shares during the period. Wellington Management Group LLP owned approximately 0.93% of Aehr Test Systems worth $2,016,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Aehr Test Systems by 1,753.1% during the first quarter. GAMMA Investing LLC now owns 7,079 shares of the semiconductor company's stock worth $52,000 after buying an additional 6,697 shares in the last quarter. State of Wyoming acquired a new stake in shares of Aehr Test Systems in the fourth quarter valued at approximately $67,000. American Century Companies Inc. acquired a new stake in shares of Aehr Test Systems in the first quarter valued at approximately $86,000. Mariner LLC acquired a new stake in shares of Aehr Test Systems in the fourth quarter valued at approximately $180,000. Finally, Bayesian Capital Management LP acquired a new stake in shares of Aehr Test Systems in the fourth quarter valued at approximately $185,000. Institutional investors and hedge funds own 69.69% of the company's stock.

Aehr Test Systems Stock Performance

Shares of AEHR stock traded down $0.46 during trading on Friday, hitting $25.83. The company had a trading volume of 365,207 shares, compared to its average volume of 1,226,233. The firm has a market capitalization of $772.77 million, a P/E ratio of -197.66 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 one year low of $6.27 and a one year high of $27.51.

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, beating analysts' consensus estimates of ($0.02) by $0.01. Aehr Test Systems had a negative net margin of 6.63% and a negative return on equity of 0.15%. 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 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Rhea J. Posedel sold 18,000 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $19.83, for a total value of $356,940.00. Following the completion of the sale, the director directly owned 71,163 shares of the company's stock, valued at $1,411,162.29. This represents a 20.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Alistair N. Sporck sold 3,000 shares of Aehr Test Systems stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $14.13, for a total transaction of $42,390.00. Following the completion of the transaction, the vice president directly owned 30,808 shares of the company's stock, valued at $435,317.04. The trade was a 8.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,000 shares of company stock worth $506,830. 6.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.