UBS Group AG lifted its position in Aehr Test Systems (NASDAQ:AEHR – Free Report) by 55.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 243,129 shares of the semiconductor company’s stock after acquiring an additional 87,014 shares during the period. UBS Group AG’s holdings in Aehr Test Systems were worth $4,909,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in shares of Aehr Test Systems in the 3rd quarter valued at approximately $27,000. Jones Financial Companies Lllp raised its holdings in shares of Aehr Test Systems by 3,448.3% in the third quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 1,000 shares during the last quarter. RiverPark Advisors LLC acquired a new stake in shares of Aehr Test Systems in the third quarter valued at approximately $42,000. State of Wyoming acquired a new stake in shares of Aehr Test Systems in the second quarter valued at approximately $28,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Aehr Test Systems by 3,500.0% in the third quarter. Russell Investments Group Ltd. now owns 2,448 shares of the semiconductor company’s stock valued at $74,000 after purchasing an additional 2,380 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.
Aehr Test Systems Stock Performance
AEHR stock opened at $91.30 on Friday. The company’s 50-day simple moving average is $68.13 and its 200 day simple moving average is $41.27. Aehr Test Systems has a 52 week low of $8.43 and a 52 week high of $108.75. The company has a market capitalization of $2.87 billion, a PE ratio of -240.26 and a beta of 3.26.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Aehr Test Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Lake Street Capital reiterated a “buy” rating on shares of Aehr Test Systems in a report on Wednesday, April 8th. William Blair upgraded shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a report on Monday, March 2nd. Craig Hallum upgraded 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. Finally, Weiss Ratings upgraded shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $68.00.
Check Out Our Latest Report on AEHR
Insiders Place Their Bets
In related news, Director Howard T. Slayen sold 25,000 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $85.00, for a total value of $2,125,000.00. Following the completion of the transaction, the director owned 178,328 shares of the company’s stock, valued at $15,157,880. The trade was a 12.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Alberto Salamone sold 15,000 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $89.57, for a total value of $1,343,550.00. Following the completion of the transaction, the executive vice president directly owned 63,025 shares of the company’s stock, valued at approximately $5,645,149.25. This trade represents a 19.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 375,005 shares of company stock valued at $28,656,178 over the last 90 days. 6.80% of the stock is owned by company insiders.
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.
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