BlackRock Inc. bought a new position in Aehr Test Systems (NASDAQ:AEHR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,659,542 shares of the semiconductor company's stock, valued at approximately $255,476,000. BlackRock Inc. owned 8.15% of Aehr Test Systems at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Aehr Test Systems in the 4th quarter worth about $25,000. Advocate Investing Services LLC purchased a new stake in shares of Aehr Test Systems during the 2nd quarter worth about $26,000. Sunbelt Securities Inc. purchased a new stake in shares of Aehr Test Systems during the 3rd quarter worth about $27,000. State of Wyoming acquired a new stake in Aehr Test Systems during the 2nd quarter worth approximately $28,000. Finally, KBC Group NV acquired a new stake in Aehr Test Systems during the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 69.69% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on AEHR shares. Craig Hallum reaffirmed a "buy" rating and set a $125.00 price target on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Zacks Research raised shares of Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 17th. Freedom Capital raised shares of Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Jefferies Financial Group began coverage on shares of Aehr Test Systems in a report on Thursday, August 13th. They set a "buy" rating and a $175.00 target price on the stock. Finally, Lake Street Capital reaffirmed a "buy" rating and set a $110.00 price target on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $136.67.
View Our Latest Research Report on Aehr Test Systems
Aehr Test Systems Price Performance
Aehr Test Systems stock opened at $91.12 on Thursday. Aehr Test Systems has a 12-month low of $18.70 and a 12-month high of $147.40. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of -379.65 and a beta of 3.10. The firm's fifty day moving average price is $93.62 and its 200 day moving average price is $76.40.
Insider Activity at Aehr Test Systems
In other news, Director Laura Oliphant sold 1,717 shares of Aehr Test Systems 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 sale, the director directly owned 16,100 shares of the company's stock, valued at approximately $2,141,300. The trade was a 9.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alberto Salamone sold 9,672 shares of the business's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $127.72, for a total value of $1,235,307.84. Following the completion of the transaction, the executive vice president owned 41,962 shares in the company, valued at approximately $5,359,386.64. This trade represents a 18.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 109,475 shares of company stock valued at $13,827,160. 6.80% of the stock is currently owned by insiders.
About Aehr Test Systems
(
Free Report)
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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