121,056 Shares of Aehr Test Systems $AEHR Purchased by Bank of America Corp DE

Key Points

• Bank of America purchased 121,056 shares of Aehr Test Systems in the second quarter, valued at approximately $11.6 million. Institutional investors and hedge funds now own 69.69% of the company.
• Company insiders sold 109,475 shares worth roughly $13.8 million over the past 90 days, including significant sales by CEO Gayn Erickson and Director Howard T. Slayen.
• Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and a $132.50 price target, while AEHR recently traded at $104.39 against a one-year high of $147.40.

Bank of America Corp DE bought a new position in shares of Aehr Test Systems (NASDAQ:AEHR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 121,056 shares of the semiconductor company's stock, valued at approximately $11,629,000. Bank of America Corp DE owned approximately 0.37% of Aehr Test Systems as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in AEHR. Algert Global LLC purchased a new stake in Aehr Test Systems during the second quarter worth $7,903,000. The Manufacturers Life Insurance Company purchased a new position in shares of Aehr Test Systems in the first quarter valued at $291,000. Rice Hall James & Associates LLC purchased a new position in shares of Aehr Test Systems in the second quarter valued at $8,410,000. Ninepoint Partners LP acquired a new position in shares of Aehr Test Systems during the 2nd quarter worth $960,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Aehr Test Systems during the 2nd quarter worth $926,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Aehr Test Systems

In other news, CEO Gayn Erickson sold 40,000 shares of the business's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $130.84, for a total transaction of $5,233,600.00. Following the transaction, the chief executive officer directly owned 157,723 shares in the company, valued at $20,636,477.32. The trade was a 20.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Howard T. Slayen sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $108.30, for a total value of $2,166,000.00. Following the completion of the transaction, the director owned 146,367 shares in the company, valued at $15,851,546.10. This represents a 12.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 109,475 shares of company stock worth $13,827,160 over the last 90 days. Company insiders own 4.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Craig Hallum reiterated a "buy" rating and issued a $125.00 price target on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Freedom Capital upgraded Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Oppenheimer started coverage on Aehr Test Systems in a research note on Thursday, September 10th. They issued an "outperform" rating and a $120.00 target price on the stock. Weiss Ratings cut Aehr Test Systems from a "sell (d)" rating to a "sell (e+)" rating in a report on Wednesday, July 29th. Finally, Zacks Research downgraded Aehr Test Systems from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.50.

Aehr Test Systems Stock Performance

NASDAQ AEHR opened at $104.39 on Friday. Aehr Test Systems has a one year low of $18.70 and a one year high of $147.40. The company's 50 day moving average price is $94.92 and its 200 day moving average price is $84.56. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of -434.94 and a beta of 3.06.

About Aehr Test Systems

Aehr Test Systems NASDAQ: AEHR develops and manufactures semiconductor test and burn-in equipment used to verify the reliability and performance of integrated circuits, wafers and packaged devices. Its systems are designed to identify defects and reliability issues before semiconductor products are shipped to customers.

The company's product portfolio includes the FOX family of test and burn-in systems, along with wafer-level and packaged-device solutions such as WaferPak contactors and DiePak carriers.

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