Deutsche Bank AG Purchases Shares of 40,960 Aehr Test Systems $AEHR

Key Points

• Deutsche Bank acquired 40,960 shares of Aehr Test Systems in the second quarter, worth approximately $3.94 million and representing about 0.13% of the company.
• Institutional ownership stands at 69.69%, while analysts maintain a consensus “Buy” rating with an average price target of $136.67; Jefferies set a $175 target.
• AEHR opened at $95.59, well above its 200-day moving average of $75.92, but insiders have sold 109,475 shares worth $13.83 million over the past 90 days.

Deutsche Bank AG acquired a new position in shares of Aehr Test Systems (NASDAQ:AEHR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 40,960 shares of the semiconductor company's stock, valued at approximately $3,935,000. Deutsche Bank AG owned about 0.13% of Aehr Test Systems at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in Aehr Test Systems during the fourth quarter worth about $25,000. Advocate Investing Services LLC acquired a new stake in shares of Aehr Test Systems in the second quarter valued at approximately $26,000. Sunbelt Securities Inc. bought a new position in shares of Aehr Test Systems during the 3rd quarter worth approximately $27,000. State of Wyoming bought a new position in shares of Aehr Test Systems during the 2nd quarter worth approximately $28,000. Finally, KBC Group NV acquired a new position in shares of Aehr Test Systems during the 1st quarter worth approximately $30,000. 69.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AEHR. Zacks Research raised Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a report on Friday, July 17th. Jefferies Financial Group assumed coverage on shares of Aehr Test Systems in a research report on Thursday, August 13th. They issued a "buy" rating and a $175.00 price objective on the stock. Wall Street Zen upgraded shares of Aehr Test Systems from a "sell" rating to a "hold" rating in a research note on Saturday, July 18th. Lake Street Capital reaffirmed a "buy" rating and set a $110.00 target price on shares of Aehr Test Systems in a report on Wednesday, July 15th. Finally, Freedom Capital upgraded shares of Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Two investment 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. Based on data from MarketBeat.com, Aehr Test Systems has a consensus rating of "Buy" and a consensus price target of $136.67.

Aehr Test Systems Price Performance

Shares of NASDAQ AEHR opened at $95.59 on Wednesday. The stock's fifty day moving average price is $94.05 and its two-hundred day moving average price is $75.92. Aehr Test Systems has a one year low of $18.70 and a one year high of $147.40. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of -398.28 and a beta of 3.10.

Insider Activity at Aehr Test Systems

In other news, COO Adil Engineer sold 15,000 shares of the business's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $131.02, for a total value of $1,965,300.00. Following the completion of the sale, the chief operating officer owned 46,977 shares of the company's stock, valued at approximately $6,154,926.54. The trade was a 24.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rhea J. Posedel sold 5,973 shares of the company's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $140.00, for a total transaction of $836,220.00. Following the completion of the transaction, the director owned 381,989 shares in the company, valued at $53,478,460. This trade represents a 1.54% decrease in their ownership of the stock. 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 insiders.

Aehr Test Systems 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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