Rice Hall James & Associates LLC Purchases Shares of 87,546 Aehr Test Systems $AEHR

Key Points

• Rice Hall James & Associates acquired 87,546 Aehr Test Systems shares in the second quarter, valued at approximately $8.41 million and representing a 0.27% stake. Institutional investors collectively own 69.69% of the company.
• Analyst sentiment is broadly positive: Aehr has a consensus “Buy” rating and a $136.67 average price target, with Jefferies assigning a $175 target and a Buy rating.
• Insiders sold 109,475 shares worth $13.83 million over the past three months, while AEHR opened at $145.61 near its 52-week high of $147.40.

Rice Hall James & Associates LLC acquired a new position in Aehr Test Systems (NASDAQ:AEHR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 87,546 shares of the semiconductor company's stock, valued at approximately $8,410,000. Rice Hall James & Associates LLC owned 0.27% of Aehr Test Systems as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in AEHR. Caitong International Asset Management Co. Ltd purchased a new stake in Aehr Test Systems in the fourth quarter worth $25,000. Advocate Investing Services LLC purchased a new stake in shares of Aehr Test Systems in the 2nd quarter worth about $26,000. Sunbelt Securities Inc. purchased a new stake in shares of Aehr Test Systems in the 3rd quarter worth about $27,000. State of Wyoming bought a new stake in shares of Aehr Test Systems during the 2nd quarter valued at about $28,000. Finally, KBC Group NV bought a new position in Aehr Test Systems in the first quarter worth about $30,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AEHR has been the topic of several research reports. Zacks Research raised Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 17th. Lake Street Capital reissued a "buy" rating and set a $110.00 price target on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Jefferies Financial Group began coverage on Aehr Test Systems in a research note on Thursday. They set a "buy" rating and a $175.00 price objective for the company. Weiss Ratings downgraded shares of Aehr Test Systems from a "sell (d)" rating to a "sell (e+)" rating in a research note on Wednesday, July 29th. Finally, Freedom Capital raised Aehr Test Systems from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Two research 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 company. Based on data from MarketBeat.com, Aehr Test Systems has a consensus rating of "Buy" and a consensus target price of $136.67.

Insider Activity

In related news, COO Adil Engineer sold 15,000 shares of the firm's stock in a transaction that occurred on 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 sale, the chief operating officer owned 46,977 shares in the company, valued at approximately $6,154,926.54. This trade represents a 24.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Howard T. Slayen sold 20,000 shares of Aehr Test Systems stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $108.30, for a total transaction of $2,166,000.00. Following the completion of the sale, the director directly owned 146,367 shares of the company's stock, valued at approximately $15,851,546.10. This trade represents a 12.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 109,475 shares of company stock valued at $13,827,160 over the last three months. Corporate insiders own 6.80% of the company's stock.

Aehr Test Systems Stock Performance

AEHR opened at $145.61 on Tuesday. The company's 50-day simple moving average is $93.83 and its two-hundred day simple moving average is $72.59. The stock has a market capitalization of $4.75 billion, a P/E ratio of -606.68 and a beta of 3.10. Aehr Test Systems has a 52-week low of $16.38 and a 52-week high of $147.40.

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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