Panoramic Capital LLC Invests $2.79 Million in Aehr Test Systems (NASDAQ:AEHR)

Panoramic Capital LLC purchased a new stake in shares of Aehr Test Systems (NASDAQ:AEHR) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 167,516 shares of the semiconductor company’s stock, valued at approximately $2,786,000. Aehr Test Systems accounts for about 1.5% of Panoramic Capital LLC’s portfolio, making the stock its 19th largest position.

Several other large investors also recently bought and sold shares of AEHR. New Wave Wealth Advisors LLC acquired a new stake in Aehr Test Systems during the fourth quarter worth approximately $28,000. Headlands Technologies LLC acquired a new stake in shares of Aehr Test Systems in the 4th quarter valued at about $103,000. Mariner LLC acquired a new position in Aehr Test Systems in the fourth quarter worth $180,000. Bayesian Capital Management LP bought a new position in shares of Aehr Test Systems during the fourth quarter valued at approximately $185,000. Finally, HighTower Advisors LLC increased its holdings in shares of Aehr Test Systems by 18.1% in the 4th quarter. HighTower Advisors LLC now owns 13,256 shares of the semiconductor company’s stock valued at $220,000 after purchasing an additional 2,032 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Aehr Test Systems to a “sell” rating in a report on Tuesday.

Insiders Place Their Bets

In related news, EVP Alberto Salamone sold 4,995 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $9.08, for a total value of $45,354.60. Following the completion of the transaction, the executive vice president now directly owns 56,241 shares of the company’s stock, valued at $510,668.28. This trade represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.20% of the company’s stock.

Aehr Test Systems Stock Performance

NASDAQ:AEHR opened at $9.25 on Wednesday. The firm’s 50-day moving average is $8.39 and its 200-day moving average is $11.10. 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 $275.38 million, a price-to-earnings ratio of 12.33 and a beta of 2.21.

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.