AWM Investment Company Inc. Invests $36 Million in Aehr Test Systems $AEHR

Key Points

• AWM Investment Company acquired 374,808 shares of Aehr Test Systems in the second quarter, valued at about $36 million. The position represents approximately 1.15% of AEHR and 3.1% of AWM’s portfolio.
• Institutional ownership stands at 69.69%, with several other major investors increasing their stakes. However, company insiders sold 109,475 shares worth roughly $13.8 million over the past three months.
• Analyst sentiment is broadly positive, with an average “Buy” rating and a $136.67 price target. AEHR recently opened at $95.59, versus a 52-week range of $18.70 to $147.40.

AWM Investment Company Inc. acquired a new stake in shares of Aehr Test Systems (NASDAQ:AEHR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 374,808 shares of the semiconductor company's stock, valued at approximately $36,004,000. Aehr Test Systems makes up about 3.1% of AWM Investment Company Inc.'s holdings, making the stock its 9th biggest holding. AWM Investment Company Inc. owned about 1.15% of Aehr Test Systems at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Royal Bank of Canada raised its stake in Aehr Test Systems by 262.7% during the first quarter. Royal Bank of Canada now owns 50,207 shares of the semiconductor company's stock worth $365,000 after acquiring an additional 36,364 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Aehr Test Systems by 8.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,225 shares of the semiconductor company's stock valued at $126,000 after acquiring an additional 1,344 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Aehr Test Systems by 7.9% during the second quarter. JPMorgan Chase & Co. now owns 15,576 shares of the semiconductor company's stock valued at $201,000 after purchasing an additional 1,145 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Aehr Test Systems by 110.8% during the second quarter. Legal & General Group Plc now owns 6,882 shares of the semiconductor company's stock valued at $89,000 after purchasing an additional 3,617 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Aehr Test Systems by 3.1% during the second quarter. Rhumbline Advisers now owns 41,466 shares of the semiconductor company's stock valued at $536,000 after purchasing an additional 1,254 shares during the last quarter. Institutional investors own 69.69% of the company's stock.

Analyst Ratings Changes

AEHR has been the subject of a number of recent research reports. Weiss Ratings downgraded Aehr Test Systems from a "sell (d)" rating to a "sell (e+)" rating in a research note on Wednesday, July 29th. Zacks Research raised shares of Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a report on Friday, July 17th. Craig Hallum reissued a "buy" rating and set a $125.00 price target on shares of Aehr Test Systems in a report on Wednesday, July 15th. Lake Street Capital restated a "buy" rating and set a $110.00 price target on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Finally, Freedom Capital raised shares of Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Aehr Test Systems has an average rating of "Buy" and an average target price of $136.67.

Aehr Test Systems Stock Down 0.9%

Shares of AEHR stock opened at $95.59 on Wednesday. The stock has a 50-day simple moving average of $94.05 and a 200 day simple moving average of $75.92. The stock has a market capitalization of $3.12 billion, a P/E ratio of -398.28 and a beta of 3.10. Aehr Test Systems has a fifty-two week low of $18.70 and a fifty-two week high of $147.40.

Insider Transactions at Aehr Test Systems

In other Aehr Test Systems news, Director Rhea J. Posedel sold 8,413 shares of the business's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $130.00, for a total transaction of $1,093,690.00. Following the sale, the director owned 387,962 shares in the company, valued at approximately $50,435,060. The trade was a 2.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Adil Engineer sold 15,000 shares of the company's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $131.02, for a total transaction of $1,965,300.00. Following the sale, the chief operating officer directly owned 46,977 shares of the company's stock, valued at $6,154,926.54. This represents a 24.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 109,475 shares of company stock worth $13,827,160 in the last three months. Insiders own 6.80% of the company's stock.

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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