36,637 Shares in Aehr Test Systems (NASDAQ:AEHR) Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd acquired 36,637 shares of Aehr Test Systems, valued at approximately $267,000, representing a 0.12% stake in the company.
• Aehr Test Systems recently reported a $0.01 earnings per share for the quarter, surpassing analysts' expectations of ($0.02).
• Institutional investors collectively own 69.69% of Aehr Test Systems, with several firms, including Rhumbline Advisers and GAMMA Investing LLC, increasing their stakes in the company.

XTX Topco Ltd bought a new position in shares of Aehr Test Systems (NASDAQ:AEHR - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 36,637 shares of the semiconductor company's stock, valued at approximately $267,000. XTX Topco Ltd owned approximately 0.12% of Aehr Test Systems as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Aehr Test Systems by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 2,183,641 shares of the semiconductor company's stock worth $36,314,000 after purchasing an additional 44,881 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Aehr Test Systems during the 4th quarter worth about $15,307,000. Geode Capital Management LLC increased its position in shares of Aehr Test Systems by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 647,610 shares of the semiconductor company's stock worth $10,773,000 after purchasing an additional 8,461 shares in the last quarter. Northern Trust Corp increased its position in shares of Aehr Test Systems by 8.4% during the 4th quarter. Northern Trust Corp now owns 250,336 shares of the semiconductor company's stock worth $4,163,000 after purchasing an additional 19,401 shares in the last quarter. Finally, Panoramic Capital LLC acquired a new stake in shares of Aehr Test Systems during the 4th quarter worth about $2,786,000. Institutional investors and hedge funds own 69.69% of the company's stock.

Wall Street Analyst Weigh In

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

Aehr Test Systems Stock Performance

AEHR traded down $1.30 during midday trading on Thursday, hitting $18.86. The company had a trading volume of 1,349,846 shares, compared to its average volume of 1,123,444. The company has a market capitalization of $564.29 million, a PE ratio of -145.07 and a beta of 2.35. Aehr Test Systems has a twelve month low of $6.27 and a twelve month high of $23.00. The firm's 50-day simple moving average is $15.20 and its 200-day simple moving average is $11.31.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 8th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $14,100 billion during the quarter, compared to analysts' expectations 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, sell-side analysts anticipate that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Insider Buying and Selling at Aehr Test Systems

In other news, Director Laura Oliphant sold 5,000 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $21.50, for a total value of $107,500.00. Following the transaction, the director owned 7,665 shares of the company's stock, valued at approximately $164,797.50. This trade represents a 39.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rhea J. Posedel sold 18,000 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $19.83, for a total transaction of $356,940.00. Following the completion of the transaction, 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 90 days, insiders sold 26,000 shares of company stock worth $506,830. 6.20% of the stock is currently owned by corporate 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.