Zurcher Kantonalbank Zurich Cantonalbank Buys New Shares in Aehr Test Systems $AEHR

Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Aehr Test Systems (NASDAQ:AEHRFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,920 shares of the semiconductor company’s stock, valued at approximately $180,000.

Several other institutional investors have also recently made changes to their positions in AEHR. Sunbelt Securities Inc. acquired a new stake in shares of Aehr Test Systems in the 3rd quarter valued at approximately $27,000. State of Wyoming bought a new stake in Aehr Test Systems during the second quarter worth $28,000. Jones Financial Companies Lllp lifted its stake in 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 acquiring an additional 1,000 shares during the last quarter. RiverPark Advisors LLC bought a new position in shares of Aehr Test Systems in the 3rd quarter valued at about $42,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Aehr Test Systems by 3,500.0% during the 3rd 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 last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AEHR. Craig Hallum upgraded Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Wednesday, April 8th. William Blair upgraded Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, March 2nd. Weiss Ratings upgraded Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday. Lake Street Capital reaffirmed a “buy” rating on shares of Aehr Test Systems in a report on Wednesday, April 8th. Finally, Wall Street Zen raised shares of Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Aehr Test Systems currently has a consensus rating of “Hold” and a consensus price target of $68.00.

Read Our Latest Analysis on AEHR

Insider Buying and Selling

In related news, insider Donald P. Richmond II sold 17,011 shares of the stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $73.18, for a total transaction of $1,244,864.98. Following the sale, the insider owned 181,512 shares in the company, valued at approximately $13,283,048.16. This trade represents a 8.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Howard T. Slayen sold 25,000 shares of Aehr Test Systems stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $85.00, for a total transaction of $2,125,000.00. Following the completion of the transaction, the director directly owned 178,328 shares in the company, valued at $15,157,880. This trade represents a 12.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 382,184 shares of company stock worth $28,362,244. 6.80% of the stock is owned by company insiders.

Aehr Test Systems Stock Performance

AEHR opened at $91.19 on Wednesday. Aehr Test Systems has a 52-week low of $8.02 and a 52-week high of $102.48. The firm has a market cap of $2.87 billion, a P/E ratio of -239.97 and a beta of 3.26. The business’s fifty day moving average is $55.04 and its 200-day moving average is $35.46.

Aehr Test Systems (NASDAQ:AEHRGet Free Report) last posted its quarterly earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) EPS for the quarter, beating 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, research analysts predict that Aehr Test Systems will post -0.31 earnings per share for the current fiscal year.

About Aehr Test Systems

(Free Report)

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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Institutional Ownership by Quarter for Aehr Test Systems (NASDAQ:AEHR)

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