Tidal Investments LLC Makes New Investment in Aehr Test Systems $AEHR

Key Points

• Tidal Investments purchased 15,737 shares of Aehr Test Systems in the second quarter, valued at approximately $1.5 million. Institutional investors and hedge funds collectively own 69.69% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $132.50. Jefferies issued the highest target at $175, while some analysts recently moved their ratings to “Hold.”
• Aehr shares opened at $90.55 and have traded between $18.70 and $147.40 over the past year. Company insiders sold a combined 109,475 shares worth $13.8 million during the last 90 days.

Tidal Investments LLC bought a new stake in Aehr Test Systems (NASDAQ:AEHR - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,737 shares of the semiconductor company's stock, valued at approximately $1,512,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of AEHR. Arizona State Retirement System boosted its stake in shares of Aehr Test Systems by 3.2% during the 2nd quarter. Arizona State Retirement System now owns 8,245 shares of the semiconductor company's stock worth $792,000 after acquiring an additional 253 shares in the last quarter. Advocate Investing Services LLC purchased a new position in Aehr Test Systems in the 2nd quarter valued at approximately $26,000. Nykredit A S acquired a new position in Aehr Test Systems during the second quarter worth $28,000. Compagnie Lombard Odier SCmA acquired a new position in Aehr Test Systems during the second quarter worth $34,000. Finally, KBC Group NV acquired a new position in Aehr Test Systems during the first quarter worth $30,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Craig Hallum reiterated a "buy" rating and set a $125.00 target price on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Oppenheimer assumed coverage on Aehr Test Systems in a research note on Thursday, September 10th. They set an "outperform" rating and a $120.00 price target for the company. Jefferies Financial Group started 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 raised shares of Aehr Test Systems from a "sell" rating to a "hold" rating in a research note on Saturday, July 18th. Finally, Zacks Research downgraded shares of Aehr Test Systems from a "strong-buy" rating to a "hold" rating in a report on Monday. 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $132.50.

Aehr Test Systems Price Performance

Shares of Aehr Test Systems stock opened at $90.55 on Friday. Aehr Test Systems has a 1 year low of $18.70 and a 1 year high of $147.40. The business has a 50 day moving average price of $92.43 and a 200 day moving average price of $82.44. The company has a market capitalization of $2.96 billion, a P/E ratio of -377.28 and a beta of 3.06.

Insider Activity at Aehr Test Systems

In other news, Director Howard Slayen sold 20,000 shares of the business's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $108.30, for a total value of $2,166,000.00. Following the completion of the transaction, the director directly owned 146,367 shares of the company's stock, valued at $15,851,546.10. The trade was a 12.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Adil Engineer sold 15,000 shares of the company's stock in a transaction 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 completion of the sale, the chief operating officer owned 46,977 shares in the company, valued at $6,154,926.54. This represents a 24.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 109,475 shares of company stock valued at $13,827,160 in the last ninety days. 4.60% of the stock is owned by insiders.

Aehr Test Systems Company Profile

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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