Ninepoint Partners LP Makes New Investment in Aehr Test Systems $AEHR

Key Points

• Ninepoint Partners acquired 9,996 shares of Aehr Test Systems in the second quarter, valued at approximately $960,000. Institutional investors collectively own 69.69% of the company.
• Company insiders sold 109,475 shares worth approximately $13.83 million during the last quarter, including significant sales by EVP Alberto Salamone and Director Howard T. Slayen.
• Analyst sentiment remains generally positive, with an average “Buy” rating and a $136.67 price target; Jefferies initiated coverage with a “Buy” rating and a $175 target. The stock opened at $105.97 and has traded between $17.04 and $147.40 over the past year.

Ninepoint Partners LP acquired a new stake in Aehr Test Systems (NASDAQ:AEHR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 9,996 shares of the semiconductor company's stock, valued at approximately $960,000.

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Aehr Test Systems during the fourth quarter worth approximately $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. acquired a new stake in shares of Aehr Test Systems in the third quarter valued at approximately $27,000. State of Wyoming bought a new position in Aehr Test Systems in the 2nd quarter worth approximately $28,000. Finally, KBC Group NV bought a new position in Aehr Test Systems in the 1st quarter worth approximately $30,000. 69.69% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Alberto Salamone sold 9,672 shares of Aehr Test Systems stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $127.72, for a total transaction of $1,235,307.84. Following the transaction, the executive vice president directly owned 41,962 shares of the company's stock, valued at $5,359,386.64. This trade represents a 18.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Howard T. Slayen sold 5,700 shares of the business's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $133.03, for a total transaction of $758,271.00. Following the completion of the transaction, the director directly owned 140,667 shares of the company's stock, valued at $18,712,931.01. This trade represents a 3.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 109,475 shares of company stock valued at $13,827,160. 6.80% of the stock is owned by company insiders.

Aehr Test Systems Price Performance

Shares of NASDAQ:AEHR opened at $105.97 on Friday. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of -441.52 and a beta of 3.10. The firm's 50 day simple moving average is $94.76 and its 200 day simple moving average is $74.40. Aehr Test Systems has a fifty-two week low of $17.04 and a fifty-two week high of $147.40.

Analyst Ratings Changes

AEHR has been the topic of a number of recent research reports. Wall Street Zen upgraded Aehr Test Systems from a "sell" rating to a "hold" rating in a research report on Saturday, July 18th. Jefferies Financial Group began coverage on Aehr Test Systems in a research report on Thursday, August 13th. They set a "buy" rating and a $175.00 target price for the company. Weiss Ratings lowered Aehr Test Systems from a "sell (d)" rating to a "sell (e+)" rating in a research note on Wednesday, July 29th. Zacks Research upgraded Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a report on Friday, July 17th. Finally, Craig Hallum reiterated a "buy" rating and issued a $125.00 price objective 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 assigned a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Aehr Test Systems currently has an average rating of "Buy" and an average price target of $136.67.

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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