Bank of New York Mellon Corp Makes New Investment in Aehr Test Systems $AEHR

Key Points

• Bank of New York Mellon purchased 93,571 shares of Aehr Test Systems worth approximately $8.99 million, giving it a 0.29% stake. Institutional investors and hedge funds collectively own 69.69% of the company.
• Aehr’s analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $136.67, although one analyst maintained a Sell rating.
• Insiders have sold 109,475 shares valued at $13.83 million over the past 90 days, including significant sales by the COO and a director.

Bank of New York Mellon Corp purchased a new stake in Aehr Test Systems (NASDAQ:AEHR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 93,571 shares of the semiconductor company's stock, valued at approximately $8,988,000. Bank of New York Mellon Corp owned 0.29% of Aehr Test Systems at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Aehr Test Systems by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company's stock worth $47,193,000 after acquiring an additional 49,243 shares during the period. Halter Ferguson Financial Inc. increased its stake in Aehr Test Systems by 41.7% in the fourth quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company's stock valued at $12,965,000 after acquiring an additional 189,117 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Aehr Test Systems in the first quarter worth about $291,000. UBS Group AG raised its position in Aehr Test Systems by 55.7% in the fourth quarter. UBS Group AG now owns 243,129 shares of the semiconductor company's stock worth $4,909,000 after purchasing an additional 87,014 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Aehr Test Systems in the fourth quarter worth about $407,000. Institutional investors and hedge funds own 69.69% of the company's stock.

Insider Activity at Aehr Test Systems

In related news, 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 transaction, the chief operating officer owned 46,977 shares in the company, valued at $6,154,926.54. This represents a 24.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Laura Oliphant sold 1,717 shares of the company's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $133.00, for a total transaction of $228,361.00. Following the transaction, the director owned 16,100 shares in the company, valued at approximately $2,141,300. This trade represents a 9.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 109,475 shares of company stock valued at $13,827,160. 6.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Weiss Ratings downgraded Aehr Test Systems from a "sell (d)" rating to a "sell (e+)" rating in a report 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. Lake Street Capital restated a "buy" rating and set a $110.00 target price on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Craig Hallum reaffirmed a "buy" rating and issued a $125.00 price target on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Finally, Zacks Research upgraded Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $136.67.

Aehr Test Systems Price Performance

AEHR stock opened at $80.24 on Thursday. The business has a fifty day moving average price of $90.95 and a 200 day moving average price of $78.27. Aehr Test Systems has a fifty-two week low of $18.70 and a fifty-two week high of $147.40. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of -334.32 and a beta of 3.06.

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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