Brady Martz Wealth Solutions LLC Purchases Shares of 6,345 Aehr Test Systems $AEHR

Brady Martz Wealth Solutions LLC purchased a new stake in Aehr Test Systems (NASDAQ:AEHR) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,345 shares of the semiconductor company’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Aehr Test Systems by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock valued at $47,193,000 after buying an additional 49,243 shares during the last quarter. William Blair Investment Management LLC acquired a new position in shares of Aehr Test Systems during the third quarter valued at about $26,920,000. Wellington Management Group LLP raised its position in shares of 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 during the last quarter. Geode Capital Management LLC raised its position in shares of Aehr Test Systems by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 685,694 shares of the semiconductor company’s stock valued at $13,846,000 after purchasing an additional 5,591 shares during the last quarter. Finally, Halter Ferguson Financial Inc. boosted its stake in Aehr Test Systems by 41.7% in 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 in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Aehr Test Systems Price Performance

AEHR stock opened at $115.30 on Monday. The company has a market capitalization of $3.63 billion, a P/E ratio of -303.42 and a beta of 3.18. Aehr Test Systems has a 12 month low of $10.89 and a 12 month high of $126.62. The firm’s fifty day simple moving average is $95.10 and its 200-day simple moving average is $53.40.

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 the consensus estimate of ($0.07) by $0.02. The firm had revenue of $10.31 million during the quarter, compared to analysts’ expectations of $10.85 million. Aehr Test Systems had a negative net margin of 25.23% and a negative return on equity of 7.15%. As a group, sell-side analysts forecast that Aehr Test Systems will post -0.31 earnings per share for the current year.

Insider Activity at Aehr Test Systems

In other news, Director Rhea J. Posedel sold 17,115 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $100.00, for a total value of $1,711,500.00. Following the sale, the director owned 45,261 shares in the company, valued at $4,526,100. This represents a 27.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Alistair N. Sporck sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $93.50, for a total transaction of $187,000.00. Following the sale, the vice president directly owned 5,177 shares in the company, valued at $484,049.50. The trade was a 27.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 375,005 shares of company stock worth $28,656,178 in the last three months. Company insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AEHR has been the topic of several research analyst reports. Lake Street Capital reissued a “buy” rating on shares of Aehr Test Systems 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 note on Saturday, June 6th. Craig Hallum raised shares of Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Wednesday, April 8th. William Blair raised Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings upgraded Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $68.00.

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.