12,200 Shares in Aehr Test Systems $AEHR Bought by Jupiter Topco LLC

Key Points

• Jupiter Topco LLC acquired 12,200 shares of Aehr Test Systems in the second quarter, valued at approximately $1.17 million. Institutional investors collectively own 69.69% of the company.
• Company insiders have sold 109,475 shares worth about $13.83 million over the past 90 days, including recent sales by directors Rhea J. Posedel and Howard T. Slayen.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $136.67; Jefferies initiated coverage with a $175 target.

Jupiter Topco LLC bought a new stake in Aehr Test Systems (NASDAQ:AEHR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,200 shares of the semiconductor company's stock, valued at approximately $1,172,000.

Other institutional investors have also bought and sold shares of the company. Advocate Investing Services LLC acquired a new stake in Aehr Test Systems during the 2nd quarter worth about $26,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Aehr Test Systems in the 2nd quarter valued at about $34,000. Millennium Management LLC boosted its position in shares of Aehr Test Systems by 0.8% during the 4th quarter. Millennium Management LLC now owns 59,219 shares of the semiconductor company's stock valued at $1,196,000 after purchasing an additional 492 shares in the last quarter. KBC Group NV bought a new stake in shares of Aehr Test Systems during the 1st quarter valued at about $30,000. Finally, CoreCap Advisors LLC grew its stake in Aehr Test Systems by 241.8% during the second quarter. CoreCap Advisors LLC now owns 1,251 shares of the semiconductor company's stock worth $120,000 after purchasing an additional 885 shares during the period. Institutional investors own 69.69% of the company's stock.

Insider Transactions at Aehr Test Systems

In other news, Director Rhea J. Posedel sold 5,973 shares of the company's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $140.00, for a total transaction of $836,220.00. Following the transaction, the director directly owned 381,989 shares of the company's stock, valued at $53,478,460. This represents a 1.54% 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 link. Also, Director Howard T. Slayen sold 5,700 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $133.03, for a total value of $758,271.00. Following the completion of the transaction, the director owned 140,667 shares in the company, valued at approximately $18,712,931.01. This represents a 3.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 109,475 shares of company stock valued at $13,827,160. Company insiders own 6.80% of the company's stock.

Wall Street Analyst Weigh In

AEHR has been the subject of a number of research analyst reports. Freedom Capital upgraded Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Jefferies Financial Group started coverage on Aehr Test Systems in a report on Thursday, August 13th. They set a "buy" rating and a $175.00 price target on the stock. Weiss Ratings downgraded shares of Aehr Test Systems from a "sell (d)" rating to a "sell (e+)" rating in a research report on Wednesday, July 29th. Lake Street Capital reiterated a "buy" rating and issued a $110.00 price objective on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Finally, Craig Hallum reiterated a "buy" rating and set a $125.00 target price on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $136.67.

Aehr Test Systems Price Performance

Shares of Aehr Test Systems stock opened at $86.26 on Friday. Aehr Test Systems has a one year low of $18.70 and a one year high of $147.40. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of -359.40 and a beta of 3.06. The business has a 50-day simple moving average of $90.39 and a 200 day simple moving average of $78.66.

Aehr Test Systems Company Profile

Aehr Test Systems develops, manufactures and sells semiconductor test and burn-in equipment used by device manufacturers to ensure quality and reliability of integrated circuits. Its products are designed for wafer-level reliability assessment, functional test and stress screening of memory devices, system-on-chips, optical components and power semiconductors. By focusing on wafer-level burn-in and testing processes, the company helps reduce cost and improve yield for high-volume semiconductor production.

The company's product portfolio includes FOX series wafer probe test and burn-in systems as well as ABTS burn-in ovens.

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