State of Alaska Department of Revenue Makes New Investment in Aehr Test Systems $AEHR

Key Points

• State of Alaska Department of Revenue initiated a new position in Aehr Test Systems, buying 18,675 shares worth about $377,000 and now owns roughly 0.06% of the company per its 13F filing.
• Institutional and insider activity: major funds including Vanguard, Invesco, William Blair, Wellington and UBS increased stakes (hedge funds own 69.69%), while insiders have sold 382,184 shares (~$28.36M) in the past 90 days and now hold 6.80%.
• Stock performance and analyst view: AEHR opened at $95.91 (1‑year range $8.02–$102.48) with a $3.02B market cap; it reported Q earnings of -$0.05 EPS (beat estimates) but remains unprofitable, and analysts carry a mixed set of ratings with a consensus "Hold" and $68 target.

State of Alaska Department of Revenue purchased a new position in Aehr Test Systems (NASDAQ:AEHR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,675 shares of the semiconductor company's stock, valued at approximately $377,000. State of Alaska Department of Revenue owned approximately 0.06% of Aehr Test Systems as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Aehr Test Systems by 2.9% in the third quarter. Vanguard Group Inc. now owns 2,288,190 shares of the semiconductor company's stock valued at $68,897,000 after acquiring an additional 65,444 shares in the last quarter. William Blair Investment Management LLC acquired a new position in Aehr Test Systems during the 3rd quarter worth $26,920,000. Invesco Ltd. increased its holdings in Aehr Test Systems by 1,137.2% during the 3rd quarter. Invesco Ltd. now owns 366,570 shares of the semiconductor company's stock worth $11,037,000 after purchasing an additional 336,940 shares during the period. Wellington Management Group LLP increased its holdings in Aehr Test Systems by 33.4% during the 3rd quarter. Wellington Management Group LLP now owns 361,264 shares of the semiconductor company's stock worth $10,878,000 after purchasing an additional 90,413 shares during the period. Finally, UBS Group AG raised its position in Aehr Test Systems by 10.5% in the 3rd quarter. UBS Group AG now owns 156,115 shares of the semiconductor company's stock valued at $4,701,000 after purchasing an additional 14,872 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

Aehr Test Systems Stock Performance

AEHR opened at $95.91 on Friday. The business's 50-day simple moving average is $49.36 and its 200-day simple moving average is $33.22. Aehr Test Systems has a one year low of $8.02 and a one year high of $102.48. The stock has a market capitalization of $3.02 billion, a P/E ratio of -252.39 and a beta of 2.28.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last announced its earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.02. The firm had revenue of $10.31 million during the quarter, compared to analysts' expectations of $10.85 million. Aehr Test Systems had a negative return on equity of 7.15% and a negative net margin of 25.23%. On average, equities research analysts forecast that Aehr Test Systems will post -0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AEHR shares. William Blair upgraded Aehr Test Systems from a "market perform" rating to an "outperform" rating in a research note on Monday, March 2nd. Weiss Ratings restated a "sell (d)" rating on shares of Aehr Test Systems in a research note on Monday. Lake Street Capital reaffirmed a "buy" rating on shares of Aehr Test Systems in a report on Wednesday, April 8th. Craig Hallum upgraded shares of Aehr Test Systems from a "hold" rating to a "buy" rating and set a $68.00 price target for the company in a research note on Wednesday, April 8th. Finally, Wall Street Zen upgraded shares of Aehr Test Systems from a "strong sell" rating to a "sell" rating in a report on Saturday, April 11th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $68.00.

Insider Buying and Selling

In other news, Director Laura Oliphant sold 4,665 shares of Aehr Test Systems stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $85.59, for a total value of $399,277.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Alistair N. Sporck sold 2,000 shares of the company's stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $93.50, for a total transaction of $187,000.00. Following the completion of the sale, the vice president owned 5,177 shares of the company's stock, valued at approximately $484,049.50. This trade represents a 27.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 382,184 shares of company stock valued at $28,362,244 in the last 90 days. Company insiders own 6.80% of the company's stock.

About Aehr Test Systems

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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