Fortitude Advisory Group L.L.C. cut its stake in Aehr Test Systems (NASDAQ:AEHR – Free Report) by 50.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,332 shares of the semiconductor company’s stock after selling 14,350 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in Aehr Test Systems were worth $1,377,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. Nykredit A S acquired a new stake in shares of Aehr Test Systems during the 2nd quarter valued at about $28,000. GTS Securities LLC purchased a new stake in shares of Aehr Test Systems in the second quarter valued at approximately $393,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Aehr Test Systems by 53.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 52,815 shares of the semiconductor company’s stock valued at $5,073,000 after buying an additional 18,434 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Aehr Test Systems by 56.0% during the 2nd quarter. Wellington Management Group LLP now owns 238,453 shares of the semiconductor company’s stock worth $22,906,000 after buying an additional 85,568 shares during the period. Finally, Kingsview Wealth Management LLC acquired a new position in shares of Aehr Test Systems during the 2nd quarter worth approximately $201,000. Institutional investors and hedge funds own 69.69% of the company’s stock.
Aehr Test Systems Trading Up 13.1%
Shares of NASDAQ AEHR opened at $86.26 on Friday. The stock has a market cap of $2.81 billion, a PE ratio of -359.40 and a beta of 3.06. Aehr Test Systems has a 12-month low of $18.70 and a 12-month high of $147.40. The company has a 50-day moving average of $90.39 and a 200 day moving average of $78.66.
Analysts Set New Price Targets
Read Our Latest Analysis on Aehr Test Systems
Insider Buying and Selling at Aehr Test Systems
In related news, COO Adil Engineer sold 15,000 shares of Aehr Test Systems stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $131.02, for a total transaction of $1,965,300.00. Following the transaction, the chief operating officer owned 46,977 shares in the company, valued at approximately $6,154,926.54. This trade represents a 24.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Alberto Salamone sold 9,672 shares of Aehr Test Systems stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $127.72, for a total value of $1,235,307.84. Following the transaction, the executive vice president owned 41,962 shares in the company, valued at approximately $5,359,386.64. This represents a 18.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 109,475 shares of company stock worth $13,827,160. 6.80% of the stock is owned by company insiders.
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.
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