Aehr Test Systems $AEHR Shares Bought by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. raised its position in shares of Aehr Test Systems (NASDAQ:AEHR) by 35.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 28,682 shares of the semiconductor company’s stock after buying an additional 7,575 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in Aehr Test Systems were worth $1,064,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new position in Aehr Test Systems during the 4th quarter worth about $25,000. Sunbelt Securities Inc. acquired a new position in Aehr Test Systems in the 3rd quarter valued at about $27,000. State of Wyoming acquired a new position in Aehr Test Systems in the 2nd quarter valued at about $28,000. RiverPark Advisors LLC purchased a new stake in Aehr Test Systems during the third quarter worth about $42,000. Finally, Russell Investments Group Ltd. increased its stake in Aehr Test Systems by 3,500.0% during the third quarter. Russell Investments Group Ltd. now owns 2,448 shares of the semiconductor company’s stock worth $74,000 after purchasing an additional 2,380 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Stock Performance

AEHR stock opened at $69.96 on Monday. The company’s 50 day moving average price is $97.34 and its 200 day moving average price is $58.12. Aehr Test Systems has a fifty-two week low of $12.19 and a fifty-two week high of $126.62. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of -184.11 and a beta of 3.17.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02. Aehr Test Systems had a negative net margin of 25.23% and a negative return on equity of 7.15%. The company had revenue of $10.31 million during the quarter, compared to analysts’ expectations of $10.85 million. Equities analysts forecast that Aehr Test Systems will post -0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AEHR. Wall Street Zen raised shares of Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Weiss Ratings raised shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Craig Hallum raised shares of Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Wednesday, April 8th. Finally, Lake Street Capital reaffirmed a “buy” rating on shares of Aehr Test Systems in a research report on Wednesday, April 8th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Aehr Test Systems presently has an average rating of “Hold” and a consensus target price of $68.00.

Insider Buying and Selling

In other Aehr Test Systems news, EVP Alberto Salamone sold 15,000 shares of Aehr Test Systems stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $89.57, for a total transaction of $1,343,550.00. Following the completion of the sale, the executive vice president directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Howard T. Slayen sold 6,819 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $104.73, for a total value of $714,153.87. Following the completion of the transaction, the director owned 169,709 shares in the company, valued at approximately $17,773,623.57. The trade was a 3.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 375,005 shares of company stock valued at $28,656,178 over the last 90 days. 6.80% of the stock is currently owned by corporate insiders.

About Aehr Test Systems

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.