SG Americas Securities LLC Makes New $422,000 Investment in Aehr Test Systems $AEHR

SG Americas Securities LLC bought a new stake in shares of Aehr Test Systems (NASDAQ:AEHR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,384 shares of the semiconductor company’s stock, valued at approximately $422,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Aehr Test Systems by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock worth $47,193,000 after purchasing an additional 49,243 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Aehr Test Systems by 129.9% in the 4th quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock valued at $16,771,000 after purchasing an additional 469,400 shares in the last quarter. Geode Capital Management LLC boosted its stake in Aehr Test Systems by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 685,694 shares of the semiconductor company’s stock worth $13,846,000 after purchasing an additional 5,591 shares during the last quarter. Halter Ferguson Financial Inc. boosted its stake in Aehr Test Systems by 41.7% during the 4th quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock worth $12,965,000 after purchasing an additional 189,117 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Aehr Test Systems by 3.7% during the fourth quarter. State Street Corp now owns 624,085 shares of the semiconductor company’s stock worth $12,600,000 after buying an additional 21,982 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AEHR shares. Craig Hallum upgraded shares of Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Wednesday, April 8th. Wall Street Zen upgraded shares of Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research report 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. Finally, Lake Street Capital reiterated a “buy” rating on shares of Aehr Test Systems in a report on Wednesday, April 8th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $68.00.

Insider Transactions at Aehr Test Systems

In related news, Director Rhea J. Posedel sold 17,115 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $100.00, for a total transaction of $1,711,500.00. Following the completion of the sale, the director directly owned 45,261 shares in the company, valued at approximately $4,526,100. This trade represents a 27.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Howard T. Slayen sold 6,819 shares of Aehr Test Systems stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $104.73, for a total transaction of $714,153.87. Following the transaction, the director directly owned 169,709 shares in the company, valued at $17,773,623.57. This trade represents a 3.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 309,441 shares of company stock valued at $24,130,018 in the last three months. 6.80% of the stock is currently owned by corporate insiders.

Aehr Test Systems Stock Up 1.4%

Shares of NASDAQ:AEHR opened at $67.89 on Thursday. The business has a fifty day moving average of $95.89 and a two-hundred day moving average of $59.12. The stock has a market cap of $2.14 billion, a P/E ratio of -178.66 and a beta of 3.17. Aehr Test Systems has a 52-week low of $12.19 and a 52-week high of $126.62.

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

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.