Jupiter Topco LLC Invests $1.17 Million in Aehr Test Systems $AEHR

Jupiter Topco LLC bought a new position in Aehr Test Systems (NASDAQ:AEHR) during the second quarter, Holdings Channel reports. The firm bought 12,200 shares of the semiconductor company’s stock, valued at approximately $1,172,000.

Other large investors have also added to or reduced their stakes in the company. AWM Investment Company Inc. acquired a new position in Aehr Test Systems during the 2nd quarter valued at about $36,004,000. Legal & General Group Plc bought a new stake in Aehr Test Systems during the 2nd quarter worth approximately $2,288,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Aehr Test Systems in the second quarter worth approximately $1,007,000. Algert Global LLC purchased a new stake in shares of Aehr Test Systems in the second quarter worth approximately $7,903,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Aehr Test Systems in the second quarter valued at approximately $64,433,000. Institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Stock Up 13.1%

AEHR stock opened at $86.26 on Friday. The firm has a market cap of $2.81 billion, a PE ratio of -359.40 and a beta of 3.06. The business has a 50 day moving average of $90.39 and a 200-day moving average of $78.66. Aehr Test Systems has a 12-month low of $18.70 and a 12-month high of $147.40.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AEHR shares. Lake Street Capital reaffirmed a “buy” rating and set a $110.00 target price on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Zacks Research raised Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Freedom Capital raised shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Weiss Ratings lowered shares of Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, July 29th. Finally, Craig Hallum reiterated a “buy” rating and issued a $125.00 target price on shares of Aehr Test Systems in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $136.67.

Insiders Place Their Bets

In other Aehr Test Systems news, EVP Alberto Salamone sold 9,672 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $127.72, for a total value of $1,235,307.84. Following the transaction, the executive vice president owned 41,962 shares of the company’s stock, valued at approximately $5,359,386.64. The trade was a 18.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Adil Engineer sold 15,000 shares of the firm’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 sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 109,475 shares of company stock valued at $13,827,160. 6.80% of the stock is currently owned by insiders.

Aehr Test Systems 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.