SG Americas Securities LLC Takes Position in Aehr Test Systems $AEHR

SG Americas Securities LLC purchased a new position in shares of Aehr Test Systems (NASDAQ:AEHR) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,384 shares of the semiconductor company’s stock, valued at approximately $422,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Millennium Management LLC raised its holdings in Aehr Test Systems by 0.8% in the 4th quarter. Millennium Management LLC now owns 59,219 shares of the semiconductor company’s stock valued at $1,196,000 after buying an additional 492 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of Aehr Test Systems during the third quarter valued at about $27,000. JPMorgan Chase & Co. increased its position in shares of Aehr Test Systems by 7.9% during the second quarter. JPMorgan Chase & Co. now owns 15,576 shares of the semiconductor company’s stock valued at $201,000 after acquiring an additional 1,145 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of Aehr Test Systems by 1.9% in the 2nd quarter. Osaic Holdings Inc. now owns 63,608 shares of the semiconductor company’s stock valued at $822,000 after acquiring an additional 1,210 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Aehr Test Systems in the 4th quarter valued at approximately $25,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Aehr Test Systems news, Director Howard T. Slayen sold 25,000 shares of the 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 sale, the director directly owned 178,328 shares in the company, valued at $15,157,880. This represents a 12.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rhea J. Posedel sold 17,115 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $100.00, for a total transaction of $1,711,500.00. Following the sale, the director owned 45,261 shares in the company, valued at approximately $4,526,100. This trade represents a 27.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 309,441 shares of company stock valued at $24,130,018. 6.80% of the stock is owned by company insiders.

Aehr Test Systems Price Performance

NASDAQ AEHR opened at $67.89 on Thursday. The company has a market cap of $2.14 billion, a P/E ratio of -178.66 and a beta of 3.17. The stock has a 50-day moving average of $95.89 and a two-hundred day moving average of $59.12. Aehr Test Systems has a 1-year low of $12.19 and a 1-year high of $126.62.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $10.31 million for the quarter, compared to analyst estimates of $10.85 million. Aehr Test Systems had a negative net margin of 25.23% and a negative return on equity of 7.15%. On average, analysts anticipate that Aehr Test Systems will post -0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on AEHR shares. 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. Wall Street Zen upgraded shares of Aehr Test Systems from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. Lake Street Capital reissued a “buy” rating on shares of Aehr Test Systems in a research report on Wednesday, April 8th. Finally, Craig Hallum upgraded Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Wednesday, April 8th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Aehr Test Systems has a consensus rating of “Hold” and a consensus price target of $68.00.

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.