Rice Hall James & Associates LLC increased its stake in shares of Aehr Test Systems (NASDAQ:AEHR – Free Report) by 2.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 453,568 shares of the semiconductor company’s stock after buying an additional 9,187 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Aehr Test Systems were worth $9,158,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in 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 buying an additional 49,243 shares in the last quarter. Halter Ferguson Financial Inc. grew its position in Aehr Test Systems by 41.7% during the fourth quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock worth $12,965,000 after buying an additional 189,117 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Aehr Test Systems during the fourth quarter worth approximately $377,000. UBS Group AG grew its position in Aehr Test Systems by 55.7% during the fourth quarter. UBS Group AG now owns 243,129 shares of the semiconductor company’s stock worth $4,909,000 after buying an additional 87,014 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Aehr Test Systems during the fourth quarter worth approximately $407,000. Institutional investors and hedge funds own 69.69% of the company’s stock.
Insider Buying and Selling at Aehr Test Systems
In related news, EVP Alberto Salamone sold 15,000 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president directly owned 63,025 shares of the company’s stock, valued at $5,645,149.25. This trade represents a 19.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Laura Oliphant sold 4,665 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $85.59, for a total value of $399,277.35. The SEC filing for this sale provides additional information. Insiders have sold a total of 375,005 shares of company stock worth $28,656,178 over the last three months. 6.80% of the stock is owned by corporate insiders.
Aehr Test Systems Stock Up 6.8%
Aehr Test Systems (NASDAQ:AEHR – Get Free Report) last issued its quarterly earnings data on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $10.31 million for the quarter, compared to analyst estimates of $10.85 million. Aehr Test Systems had a negative return on equity of 7.15% and a negative net margin of 25.23%. On average, research analysts anticipate that Aehr Test Systems will post -0.31 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Craig Hallum raised Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research 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. Wall Street Zen upgraded Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Lake Street Capital restated a “buy” rating on shares of Aehr Test Systems in a research note on Wednesday, April 8th. 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Aehr Test Systems presently has a consensus rating of “Hold” and a consensus price target of $68.00.
View Our Latest Stock Analysis on AEHR
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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