Thompson Siegel & Walmsley LLC Sells 4,663 Shares of Aehr Test Systems $AEHR

Thompson Siegel & Walmsley LLC decreased its position in Aehr Test Systems (NASDAQ:AEHR) by 16.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,027 shares of the semiconductor company’s stock after selling 4,663 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Aehr Test Systems were worth $485,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AEHR. William Blair Investment Management LLC bought a new stake in shares of Aehr Test Systems in the 3rd quarter valued at approximately $26,920,000. Invesco Ltd. grew its stake in shares of Aehr Test Systems by 1,137.2% in the 3rd quarter. Invesco Ltd. now owns 366,570 shares of the semiconductor company’s stock valued at $11,037,000 after buying an additional 336,940 shares in the last quarter. Halter Ferguson Financial Inc. grew its stake in shares of 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 valued at $12,965,000 after buying an additional 189,117 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of Aehr Test Systems in the 3rd quarter valued at approximately $3,171,000. Finally, Wellington Management Group LLP grew its stake in shares of Aehr Test Systems by 33.4% in the 3rd quarter. Wellington Management Group LLP now owns 361,264 shares of the semiconductor company’s stock valued at $10,878,000 after buying an additional 90,413 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

Insider Activity at Aehr Test Systems

In other news, insider Donald P. Richmond II sold 17,011 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $73.18, for a total transaction of $1,244,864.98. Following the completion of the transaction, the insider directly owned 181,512 shares in the company, valued at $13,283,048.16. The trade was a 8.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gayn Erickson sold 96,036 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $70.58, for a total value of $6,778,220.88. Following the transaction, the chief executive officer owned 197,723 shares of the company’s stock, valued at approximately $13,955,289.34. This trade represents a 32.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 375,005 shares of company stock valued at $28,656,178. 6.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AEHR has been the subject of several recent research reports. Wall Street Zen cut Aehr Test Systems from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Lake Street Capital reissued a “buy” rating on shares of Aehr Test Systems in a research note on Wednesday, April 8th. William Blair raised Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, March 2nd. Weiss Ratings raised Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Craig Hallum raised Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Wednesday, April 8th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $68.00.

Aehr Test Systems Stock Up 20.7%

Shares of Aehr Test Systems stock opened at $113.00 on Wednesday. The stock has a market capitalization of $3.55 billion, a P/E ratio of -297.37 and a beta of 3.17. The stock has a 50 day moving average price of $76.64 and a two-hundred day moving average price of $44.92. Aehr Test Systems has a 12-month low of $9.45 and a 12-month high of $114.02.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) EPS for the quarter, topping 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 company had revenue of $10.31 million during the quarter, compared to analyst estimates of $10.85 million. Sell-side analysts anticipate that Aehr Test Systems will post -0.31 earnings per share for the current year.

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.