Pier Capital LLC Sells 159,336 Shares of Aehr Test Systems $AEHR

Pier Capital LLC reduced its position in Aehr Test Systems (NASDAQ:AEHR) by 43.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 211,619 shares of the semiconductor company’s stock after selling 159,336 shares during the quarter. Pier Capital LLC’s holdings in Aehr Test Systems were worth $4,273,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sunbelt Securities Inc. bought a new position in shares of Aehr Test Systems in the third quarter valued at approximately $27,000. State of Wyoming bought a new position in shares of Aehr Test Systems in the second quarter valued at approximately $28,000. Jones Financial Companies Lllp boosted its position in shares of Aehr Test Systems by 3,448.3% in the third quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 1,000 shares during the period. RiverPark Advisors LLC bought a new stake in Aehr Test Systems during the third quarter valued at approximately $42,000. Finally, Russell Investments Group Ltd. lifted its position in Aehr Test Systems by 3,500.0% during the third quarter. Russell Investments Group Ltd. now owns 2,448 shares of the semiconductor company’s stock valued at $74,000 after purchasing an additional 2,380 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AEHR. Lake Street Capital reiterated a “buy” rating on shares of Aehr Test Systems in a research report on Wednesday, April 8th. William Blair upgraded shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research report on Monday, March 2nd. Craig Hallum upgraded shares of 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. Wall Street Zen upgraded shares of Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Finally, Weiss Ratings upgraded shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $68.00.

Insiders Place Their Bets

In related news, Director Rhea J. Posedel sold 17,115 shares of Aehr Test Systems stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $100.00, for a total value of $1,711,500.00. Following the sale, the director owned 45,261 shares in the company, valued at $4,526,100. The trade was a 27.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Alberto Salamone sold 15,000 shares of Aehr Test Systems stock in a transaction on Monday, April 20th. The shares were sold at an average price of $89.57, for a total transaction of $1,343,550.00. Following the completion of the sale, the executive vice president owned 63,025 shares in the company, valued at approximately $5,645,149.25. This trade represents a 19.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 382,184 shares of company stock valued at $28,362,244 over the last quarter. 6.80% of the stock is owned by company insiders.

Aehr Test Systems Stock Down 5.7%

Shares of NASDAQ AEHR opened at $91.26 on Friday. Aehr Test Systems has a 52 week low of $8.17 and a 52 week high of $102.48. The firm’s fifty day moving average is $57.33 and its 200 day moving average is $36.42. The company has a market cap of $2.87 billion, a price-to-earnings ratio of -240.16 and a beta of 3.26.

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

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.