Aehr Test Systems $AEHR Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC boosted its stake in shares of Aehr Test Systems (NASDAQ:AEHR) by 485.1% in the third quarter, Holdings Channel reports. The fund owned 78,340 shares of the semiconductor company’s stock after purchasing an additional 64,950 shares during the period. HighTower Advisors LLC’s holdings in Aehr Test Systems were worth $2,359,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Royal Bank of Canada raised its stake in shares of Aehr Test Systems by 262.7% during the first quarter. Royal Bank of Canada now owns 50,207 shares of the semiconductor company’s stock worth $365,000 after purchasing an additional 36,364 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Aehr Test Systems by 8.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,225 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 1,344 shares during the period. CWM LLC raised its position in Aehr Test Systems by 15.1% during the 2nd quarter. CWM LLC now owns 6,062 shares of the semiconductor company’s stock worth $78,000 after buying an additional 793 shares during the last quarter. AlphaQuest LLC raised its position in Aehr Test Systems by 697.6% during the 2nd quarter. AlphaQuest LLC now owns 20,156 shares of the semiconductor company’s stock worth $261,000 after buying an additional 17,629 shares during the last quarter. Finally, Pier Capital LLC lifted its stake in shares of Aehr Test Systems by 16.0% in the 2nd quarter. Pier Capital LLC now owns 405,932 shares of the semiconductor company’s stock worth $5,249,000 after acquiring an additional 55,861 shares during the period. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Aehr Test Systems news, Director Laura Oliphant sold 4,546 shares of Aehr Test Systems stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $31.40, for a total transaction of $142,744.40. Following the completion of the transaction, the director owned 18,432 shares in the company, valued at approximately $578,764.80. The trade was a 19.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Rhea J. Posedel sold 13,998 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $30.02, for a total transaction of $420,219.96. Following the completion of the sale, the director directly owned 456,979 shares in the company, valued at $13,718,509.58. This trade represents a 2.97% decrease in their position. The SEC filing for this sale provides additional information. 6.80% of the stock is owned by insiders.

Aehr Test Systems Trading Down 6.0%

AEHR stock opened at $37.43 on Friday. The firm has a 50 day moving average of $27.30 and a 200-day moving average of $25.72. The company has a market cap of $1.15 billion, a price-to-earnings ratio of -124.76 and a beta of 2.31. Aehr Test Systems has a 12-month low of $6.27 and a 12-month high of $43.13.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings data on Thursday, January 8th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.04. The firm had revenue of $9.88 million during the quarter, compared to analysts’ expectations of $11.45 million. Aehr Test Systems had a negative return on equity of 4.57% and a negative net margin of 16.63%. Sell-side analysts forecast that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Aehr Test Systems in a research note on Wednesday, January 21st. Zacks Research upgraded Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Lake Street Capital initiated coverage on Aehr Test Systems in a report on Wednesday, December 17th. They issued a “buy” rating for the company. Finally, Craig Hallum restated a “hold” rating on shares of Aehr Test Systems in a research note on Friday, January 9th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Aehr Test Systems presently has a consensus rating of “Hold” and a consensus target price of $21.00.

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.