10,480 Shares in Aehr Test Systems $AEHR Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new stake in shares of Aehr Test Systems (NASDAQ:AEHR) in the second quarter, HoldingsChannel reports. The fund acquired 10,480 shares of the semiconductor company’s stock, valued at approximately $1,007,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AEHR. Caitong International Asset Management Co. Ltd acquired a new position in Aehr Test Systems in the 4th quarter worth about $25,000. Advocate Investing Services LLC acquired a new stake in shares of Aehr Test Systems during the 2nd quarter valued at about $26,000. Sunbelt Securities Inc. acquired a new stake in shares of Aehr Test Systems during the 3rd quarter valued at about $27,000. State of Wyoming bought a new stake in shares of Aehr Test Systems in the 2nd quarter valued at approximately $28,000. Finally, KBC Group NV bought a new stake in shares of Aehr Test Systems in the 1st quarter valued at approximately $30,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

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 report on Thursday, July 16th. Lake Street Capital reiterated a “buy” rating and issued a $110.00 target price on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Jefferies Financial Group assumed coverage on shares of Aehr Test Systems in a research report on Thursday, August 13th. They issued a “buy” rating and a $175.00 target price for the company. Craig Hallum restated a “buy” rating and set a $125.00 price target on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Finally, Zacks Research upgraded shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Two 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 company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $136.67.

Insider Transactions at Aehr Test Systems

In other Aehr Test Systems news, EVP Alberto Salamone sold 9,672 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $127.72, for a total transaction of $1,235,307.84. Following the completion of the sale, the executive vice president owned 41,962 shares of the company’s stock, valued at $5,359,386.64. This represents a 18.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Adil Engineer sold 15,000 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer owned 46,977 shares in the company, valued at approximately $6,154,926.54. This trade represents a 24.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 109,475 shares of company stock worth $13,827,160. 6.80% of the stock is currently owned by company insiders.

Aehr Test Systems Stock Performance

Shares of NASDAQ AEHR opened at $86.26 on Friday. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of -359.40 and a beta of 3.06. The business’s 50-day simple moving average is $90.39 and its 200-day simple moving average is $78.66. Aehr Test Systems has a 52 week low of $18.70 and a 52 week high of $147.40.

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.