Thompson Siegel & Walmsley LLC Reduces Holdings in Aeluma, Inc. $ALMU

Thompson Siegel & Walmsley LLC trimmed its position in shares of Aeluma, Inc. (NASDAQ:ALMU) by 21.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 118,390 shares of the company’s stock after selling 31,610 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Aeluma were worth $2,033,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ALMU. Quantbot Technologies LP purchased a new position in Aeluma during the third quarter worth $29,000. BNP Paribas Financial Markets boosted its stake in Aeluma by 79.2% during the third quarter. BNP Paribas Financial Markets now owns 1,934 shares of the company’s stock worth $31,000 after buying an additional 855 shares during the period. Osaic Holdings Inc. purchased a new position in Aeluma during the second quarter worth $32,000. FNY Investment Advisers LLC boosted its stake in Aeluma by 242.9% during the third quarter. FNY Investment Advisers LLC now owns 2,935 shares of the company’s stock worth $47,000 after buying an additional 2,079 shares during the period. Finally, Focus Partners Wealth purchased a new position in Aeluma during the third quarter worth $73,000.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Williams Trading set a $25.00 price objective on shares of Aeluma in a research note on Tuesday, March 3rd. Benchmark reaffirmed a “buy” rating and set a $25.00 price objective on shares of Aeluma in a research note on Tuesday, March 3rd. Wall Street Zen lowered shares of Aeluma from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. UBS Group reaffirmed a “buy” rating on shares of Aeluma in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aeluma in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.33.

Aeluma Price Performance

ALMU stock opened at $26.56 on Wednesday. The business has a 50-day moving average price of $18.92 and a 200 day moving average price of $17.25. The company has a market capitalization of $486.31 million, a P/E ratio of -75.88 and a beta of 3.94. Aeluma, Inc. has a 1-year low of $10.20 and a 1-year high of $31.79.

Aeluma (NASDAQ:ALMU) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $1.22 million during the quarter, compared to the consensus estimate of $1.37 million. Aeluma had a negative return on equity of 12.03% and a negative net margin of 115.57%.

Insider Transactions at Aeluma

In other Aeluma news, Director Steven Denbaars sold 12,500 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $19.99, for a total value of $249,875.00. Following the completion of the transaction, the director directly owned 382,709 shares in the company, valued at approximately $7,650,352.91. The trade was a 3.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jonathan Klamkin sold 20,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $24.96, for a total transaction of $499,200.00. Following the completion of the transaction, the chief executive officer owned 2,403 shares of the company’s stock, valued at $59,978.88. This represents a 89.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,500 shares of company stock valued at $1,011,075 over the last quarter. 14.70% of the stock is currently owned by corporate insiders.

Aeluma Profile

Aeluma, Inc develops optoelectronic and electronic devices in the United States. The company manufactures semiconductor materials and chips using compound semiconductors on diameter substrates that are used to manufacture mass market microelectronics. It offers its devices for use in mobile, automotive, AI, defence and aerospace, communication, AR/VR, and HPC applications, as well as laser emitters, transistors for integrated circuits, quantum photonic circuits, and solar cells applications. Aeluma, Inc was formerly known as Parc Investments, Inc and changed its name to Aeluma, Inc June 2021.