Sigma Planning Corp Buys 11,823 Shares of Aehr Test Systems $AEHR

Sigma Planning Corp bought a new position in Aehr Test Systems (NASDAQ:AEHR) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 11,823 shares of the semiconductor company’s stock, valued at approximately $1,178,000.

Several other hedge funds have also made changes to their positions in AEHR. Advocate Investing Services LLC acquired a new stake in Aehr Test Systems during the 2nd quarter valued at $26,000. Nykredit A S acquired a new stake in Aehr Test Systems during the 2nd quarter worth about $28,000. Compagnie Lombard Odier SCmA acquired a new stake in Aehr Test Systems during the 2nd quarter worth about $34,000. KBC Group NV purchased a new position in Aehr Test Systems during the 1st quarter valued at about $30,000. Finally, Tema ETFs LLC acquired a new position in shares of Aehr Test Systems in the 2nd quarter valued at about $89,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Insider Activity at Aehr Test Systems

In other Aehr Test Systems news, CEO Gayn Erickson sold 40,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $130.84, for a total value of $5,233,600.00. Following the sale, the chief executive officer directly owned 157,723 shares in the company, valued at $20,636,477.32. This trade represents a 20.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Alberto Salamone sold 9,672 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $127.72, for a total transaction of $1,235,307.84. Following the transaction, the executive vice president directly owned 41,962 shares of the company’s stock, valued at $5,359,386.64. This represents a 18.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 109,475 shares of company stock valued at $13,827,160. 4.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AEHR has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Lake Street Capital reiterated a “buy” rating and set a $110.00 price target on shares of Aehr Test Systems in a report on Wednesday, July 15th. Jefferies Financial Group started coverage on shares of Aehr Test Systems in a research report on Thursday, August 13th. They set a “buy” rating and a $175.00 price objective on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Aehr Test Systems in a report on Tuesday. Finally, Zacks Research cut shares of Aehr Test Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.50.

Aehr Test Systems Stock Down 5.2%

Shares of NASDAQ:AEHR opened at $61.21 on Friday. The stock’s 50-day moving average is $84.69 and its 200-day moving average is $73.63. Aehr Test Systems has a 52-week low of $18.70 and a 52-week high of $147.40.

About Aehr Test Systems

Aehr Test Systems (NASDAQ: AEHR) develops and manufactures test and burn-in equipment used to qualify and screen semiconductor devices. Its systems are designed to identify manufacturing defects and reliability issues before chips are shipped to customers, helping semiconductor manufacturers improve production yields and product quality.

The company’s product portfolio includes the FOX family of semiconductor test systems, including the FOX-XP, FOX-NP and FOX-1P platforms. Aehr also provides wafer contactors, DiePak carriers and related test fixtures and software.