Aehr Test Systems $AEHR Holdings Increased by Wellington Management Group LLP

Wellington Management Group LLP lifted its stake in Aehr Test Systems (NASDAQ:AEHR) by 56.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 238,453 shares of the semiconductor company’s stock after acquiring an additional 85,568 shares during the period. Wellington Management Group LLP’s holdings in Aehr Test Systems were worth $22,906,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in AEHR. BlackRock Inc. acquired a new stake in Aehr Test Systems in the second quarter worth approximately $255,476,000. Vanguard Group Inc. raised its stake in shares of Aehr Test Systems by 2.2% in the 4th 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. Geode Capital Management LLC lifted its holdings in shares of Aehr Test Systems by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 685,694 shares of the semiconductor company’s stock valued at $13,846,000 after buying an additional 5,591 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Aehr Test Systems during the second quarter valued at about $64,433,000. Finally, Halter Ferguson Financial Inc. boosted its stake 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 valued at $12,965,000 after buying an additional 189,117 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Aehr Test Systems Stock Up 13.1%

Shares of NASDAQ AEHR opened at $86.26 on Friday. The stock’s fifty day simple moving average is $90.39 and its 200 day simple moving average is $78.66. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of -359.40 and a beta of 3.06. Aehr Test Systems has a 52-week low of $18.70 and a 52-week high of $147.40.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Craig Hallum reiterated a “buy” rating and issued a $125.00 price target on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Lake Street Capital restated a “buy” rating and set a $110.00 price objective on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Wall Street Zen raised shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings downgraded shares of Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, July 29th. Finally, Zacks Research raised shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $136.67.

Insider Transactions at Aehr Test Systems

In other Aehr Test Systems news, COO Adil Engineer sold 15,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $131.02, for a total transaction of $1,965,300.00. Following the completion of the sale, the chief operating officer directly owned 46,977 shares of the company’s stock, valued at approximately $6,154,926.54. This represents a 24.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rhea J. Posedel sold 8,413 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $130.00, for a total transaction of $1,093,690.00. Following the completion of the transaction, the director owned 387,962 shares of the company’s stock, valued at approximately $50,435,060. The trade was a 2.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 109,475 shares of company stock worth $13,827,160 in the last three months. Insiders own 6.80% of the company’s stock.

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.