Aehr Test Systems $AEHR Holdings Raised by Wellington Management Group LLP

Key Points

• Wellington Management increased its Aehr Test Systems stake by 56% in the second quarter, adding 85,568 shares to own 238,453 shares worth approximately $22.9 million. Institutional investors now hold 69.69% of the company.
• Company insiders have sold 109,475 shares worth about $13.8 million over the past 90 days, including sales by EVP Alberto Salamone and Director Laura Oliphant.
• Aehr Test Systems shares have risen 13.1%, while analysts maintain a consensus “Buy” rating with an average price target of $136.67; Jefferies initiated coverage with a $175 target.

Wellington Management Group LLP lifted its position in shares of Aehr Test Systems (NASDAQ:AEHR - Free Report) by 56.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 238,453 shares of the semiconductor company's stock after acquiring an additional 85,568 shares during the period. Wellington Management Group LLP owned about 0.73% of Aehr Test Systems worth $22,906,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Advocate Investing Services LLC acquired a new position in Aehr Test Systems in the second quarter worth $26,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Aehr Test Systems during the second quarter worth $34,000. KBC Group NV bought a new position in shares of Aehr Test Systems in the 1st quarter worth about $30,000. Sunbelt Securities Inc. bought a new position in shares of Aehr Test Systems in the 3rd quarter worth about $27,000. Finally, Tema ETFs LLC acquired a new position in shares of Aehr Test Systems in the 2nd quarter valued at about $89,000. 69.69% of the stock is currently owned by institutional investors.

Insider Activity at Aehr Test Systems

In other news, EVP Alberto Salamone sold 9,672 shares of Aehr Test Systems stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $127.72, for a total transaction of $1,235,307.84. Following the sale, the executive vice president owned 41,962 shares of the company's stock, valued at approximately $5,359,386.64. The trade was a 18.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Laura Oliphant sold 1,717 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $133.00, for a total value of $228,361.00. Following the transaction, the director owned 16,100 shares of the company's stock, valued at approximately $2,141,300. This represents a 9.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 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.

Aehr Test Systems Stock Up 13.1%

Aehr Test Systems stock opened at $86.26 on Friday. The firm has a 50-day moving average price of $90.39 and a two-hundred day moving average price of $78.66. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of -359.40 and a beta of 3.06. Aehr Test Systems has a 52-week low of $18.70 and a 52-week high of $147.40.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Weiss Ratings lowered shares of Aehr Test Systems from a "sell (d)" rating to a "sell (e+)" rating in a research note on Wednesday, July 29th. Freedom Capital raised Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Zacks Research upgraded Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 17th. Jefferies Financial Group began coverage on Aehr Test Systems in a report on Thursday, August 13th. They issued a "buy" rating and a $175.00 price target on the stock. Finally, Wall Street Zen upgraded Aehr Test Systems from a "sell" rating to a "hold" rating in a research note on Saturday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $136.67.

About Aehr Test Systems

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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