Vanguard Group Inc. Purchases 49,243 Shares of Aehr Test Systems $AEHR

Vanguard Group Inc. grew its position in Aehr Test Systems (NASDAQ:AEHR) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,337,433 shares of the semiconductor company’s stock after purchasing an additional 49,243 shares during the period. Vanguard Group Inc. owned approximately 0.08% of Aehr Test Systems worth $47,193,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AEHR. Sunbelt Securities Inc. bought a new stake in shares of Aehr Test Systems in the third quarter valued at about $27,000. State of Wyoming bought a new stake in shares of Aehr Test Systems in the second quarter valued at about $28,000. Jones Financial Companies Lllp lifted its holdings in shares of Aehr Test Systems by 3,448.3% in the third quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 1,000 shares in the last quarter. RiverPark Advisors LLC bought a new stake in shares of Aehr Test Systems in the third quarter valued at about $42,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Aehr Test Systems by 3,500.0% in the third quarter. Russell Investments Group Ltd. now owns 2,448 shares of the semiconductor company’s stock valued at $74,000 after purchasing an additional 2,380 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Aehr Test Systems news, EVP Alberto Salamone sold 15,000 shares of the company’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $89.57, for a total transaction of $1,343,550.00. Following the completion of the sale, the executive vice president directly owned 63,025 shares in the company, valued at $5,645,149.25. This represents a 19.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rhea J. Posedel sold 17,115 shares of the company’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $100.00, for a total value of $1,711,500.00. Following the sale, the director owned 45,261 shares of the company’s stock, valued at $4,526,100. The trade was a 27.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 375,005 shares of company stock valued at $28,656,178 in the last quarter. Company insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AEHR. Wall Street Zen lowered Aehr Test Systems from a “sell” rating to a “strong sell” rating in a report on Saturday. William Blair upgraded Aehr Test Systems from a “market perform” rating to an “outperform” rating in a report on Monday, March 2nd. Weiss Ratings raised Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Lake Street Capital reaffirmed a “buy” rating on shares of Aehr Test Systems in a research report on Wednesday, April 8th. Finally, Craig Hallum raised Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Wednesday, April 8th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $68.00.

Aehr Test Systems Trading Down 6.4%

Shares of AEHR stock opened at $99.50 on Friday. The stock has a market cap of $3.13 billion, a P/E ratio of -261.84 and a beta of 3.26. The stock has a 50 day simple moving average of $64.54 and a 200 day simple moving average of $39.52. Aehr Test Systems has a 1 year low of $8.31 and a 1 year high of $108.75.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. The business 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%. Analysts forecast that Aehr Test Systems will post -0.31 EPS for the current year.

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.