Nuveen LLC Acquires New Position in Aehr Test Systems $AEHR

Nuveen LLC acquired a new stake in shares of Aehr Test Systems (NASDAQ:AEHR) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 73,331 shares of the semiconductor company’s stock, valued at approximately $535,000. Nuveen LLC owned 0.25% of Aehr Test Systems at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AEHR. Point72 Asset Management L.P. bought a new position in Aehr Test Systems in the 4th quarter valued at $15,307,000. Panoramic Capital LLC bought a new position in Aehr Test Systems in the 4th quarter valued at $2,786,000. XTX Topco Ltd bought a new position in Aehr Test Systems in the 1st quarter valued at $267,000. Balyasny Asset Management L.P. grew its position in Aehr Test Systems by 82.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 68,714 shares of the semiconductor company’s stock valued at $1,143,000 after acquiring an additional 30,991 shares during the last quarter. Finally, Northern Trust Corp grew its position in Aehr Test Systems by 8.4% in the 4th 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 during the last quarter. 69.69% of the stock is owned by institutional investors.

Aehr Test Systems Price Performance

Shares of NASDAQ AEHR opened at $26.29 on Friday. The stock has a market capitalization of $786.60 million, a P/E ratio of -202.22 and a beta of 2.54. Aehr Test Systems has a 1-year low of $6.27 and a 1-year high of $27.51. The business has a fifty day moving average price of $18.57 and a 200 day moving average price of $12.55.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings data 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 analysts’ expectations of $14.83 million. Aehr Test Systems had a negative return on equity of 0.15% and a negative net margin of 6.63%. As a group, equities research analysts anticipate that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Rhea J. Posedel sold 18,000 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 71,163 shares in the company, valued at $1,411,162.29. This represents a 20.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Laura Oliphant sold 5,000 shares of the company’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 sale, the director owned 7,665 shares of the company’s stock, valued at $164,797.50. This trade represents a 39.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,000 shares of company stock worth $506,830 in the last three months. 6.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.