State Street Corp Grows Holdings in Aehr Test Systems $AEHR

Key Points

• State Street increased its Aehr Test Systems stake by 14.4% in the second quarter to 712,926 shares, representing a 2.18% ownership interest valued at approximately $68.5 million.
• Several major institutional investors initiated or expanded positions, including BlackRock, Connor Clark & Lunn, AWM Investment, and Wellington Management. Institutional investors collectively own 69.69% of AEHR.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $132.50, although insiders sold 109,475 shares worth about $13.8 million over the past 90 days.

State Street Corp increased its position in Aehr Test Systems (NASDAQ:AEHR - Free Report) by 14.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 712,926 shares of the semiconductor company's stock after buying an additional 89,620 shares during the quarter. State Street Corp owned 2.18% of Aehr Test Systems worth $68,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in AEHR. BlackRock Inc. bought a new stake in Aehr Test Systems during the 2nd quarter worth approximately $255,476,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Aehr Test Systems in the 2nd quarter valued at approximately $64,433,000. AWM Investment Company Inc. bought a new position in shares of Aehr Test Systems during the second quarter valued at $36,004,000. Wellington Management Group LLP raised its stake in shares of Aehr Test Systems by 56.0% during the second quarter. Wellington Management Group LLP now owns 238,453 shares of the semiconductor company's stock valued at $22,906,000 after acquiring an additional 85,568 shares during the last quarter. Finally, Bard Associates Inc. acquired a new position in shares of Aehr Test Systems during the second quarter worth $15,072,000. Institutional investors own 69.69% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AEHR. 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. Oppenheimer assumed coverage on Aehr Test Systems in a research report on Thursday, September 10th. They set an "outperform" rating and a $120.00 target price for the company. Wall Street Zen raised 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 report on Thursday, August 13th. They set a "buy" rating and a $175.00 target price on the stock. Finally, Zacks Research lowered Aehr Test Systems from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $132.50.

Insider Activity at Aehr Test Systems

In related news, COO Adil Engineer sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $131.02, for a total transaction of $1,965,300.00. Following the transaction, the chief operating officer directly owned 46,977 shares of the company's stock, valued at approximately $6,154,926.54. This represents a 24.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rhea J. Posedel sold 8,413 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $130.00, for a total value of $1,093,690.00. Following the transaction, the director directly owned 387,962 shares in the company, valued at approximately $50,435,060. This trade represents a 2.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 109,475 shares of company stock worth $13,827,160. 4.60% of the stock is currently owned by insiders.

Aehr Test Systems Trading Up 0.0%

AEHR opened at $97.42 on Friday. Aehr Test Systems has a 1-year low of $18.70 and a 1-year high of $147.40. The company has a market cap of $3.18 billion, a P/E ratio of -405.90 and a beta of 3.06. The company has a fifty day moving average price of $94.46 and a two-hundred day moving average price of $84.42.

About Aehr Test Systems

Aehr Test Systems NASDAQ: AEHR develops and manufactures semiconductor test and burn-in equipment used to verify the reliability and performance of integrated circuits, wafers and packaged devices. Its systems are designed to identify defects and reliability issues before semiconductor products are shipped to customers.

The company's product portfolio includes the FOX family of test and burn-in systems, along with wafer-level and packaged-device solutions such as WaferPak contactors and DiePak carriers.

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