Aehr Test Systems $AEHR Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC lowered its stake in Aehr Test Systems (NASDAQ:AEHR) by 44.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 495,672 shares of the semiconductor company’s stock after selling 398,389 shares during the quarter. William Blair Investment Management LLC’s holdings in Aehr Test Systems were worth $10,008,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Aehr Test Systems by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock valued at $47,193,000 after buying an additional 49,243 shares in the last quarter. Halter Ferguson Financial Inc. lifted its stake in Aehr Test Systems by 41.7% in the fourth quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock valued at $12,965,000 after buying an additional 189,117 shares during the last quarter. Invesco Ltd. raised its position in Aehr Test Systems by 1,137.2% in the 3rd quarter. Invesco Ltd. now owns 366,570 shares of the semiconductor company’s stock valued at $11,037,000 after purchasing an additional 336,940 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Aehr Test Systems by 33.4% in the third quarter. Wellington Management Group LLP now owns 361,264 shares of the semiconductor company’s stock valued at $10,878,000 after buying an additional 90,413 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Aehr Test Systems by 55.7% in the fourth quarter. UBS Group AG now owns 243,129 shares of the semiconductor company’s stock valued at $4,909,000 after buying an additional 87,014 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Alistair N. Sporck sold 2,000 shares of Aehr Test Systems stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $93.50, for a total value of $187,000.00. Following the transaction, the vice president owned 5,177 shares in the company, valued at approximately $484,049.50. This trade represents a 27.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alberto Salamone sold 15,000 shares of the business’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $89.57, for a total value of $1,343,550.00. Following the sale, the executive vice president owned 63,025 shares of the company’s stock, valued at $5,645,149.25. The trade was a 19.22% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 375,005 shares of company stock valued at $28,656,178. 6.80% of the stock is currently owned by corporate insiders.

Aehr Test Systems Trading Up 15.7%

NASDAQ:AEHR opened at $109.92 on Wednesday. Aehr Test Systems has a 12-month low of $9.14 and a 12-month high of $111.57. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of -289.26 and a beta of 3.26. The company’s 50-day moving average is $71.82 and its two-hundred day moving average is $42.85.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AEHR shares. Lake Street Capital reissued a “buy” rating on shares of Aehr Test Systems in a report on Wednesday, April 8th. Weiss Ratings raised Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. William Blair raised Aehr Test Systems from a “market perform” rating to an “outperform” rating in a report on Monday, March 2nd. Craig Hallum upgraded shares of 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. Finally, Wall Street Zen lowered Aehr Test Systems from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Three research 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. According to data from MarketBeat.com, Aehr Test Systems has a consensus rating of “Hold” and an average target price of $68.00.

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.