Aehr Test Systems $AEHR Shares Purchased by Kennedy Capital Management LLC

Kennedy Capital Management LLC increased its stake in shares of Aehr Test Systems (NASDAQ:AEHR) by 40.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 360,234 shares of the semiconductor company’s stock after purchasing an additional 103,623 shares during the quarter. Kennedy Capital Management LLC’s holdings in Aehr Test Systems were worth $7,273,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. acquired a new stake in Aehr Test Systems during the 3rd quarter worth $27,000. Jones Financial Companies Lllp raised its stake in Aehr Test Systems by 3,448.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 1,000 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Aehr Test Systems during the 4th quarter worth $25,000. RiverPark Advisors LLC acquired a new position in Aehr Test Systems in the third quarter valued at $42,000. Finally, State of Wyoming acquired a new position in Aehr Test Systems in the second quarter valued at $28,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on AEHR. Weiss Ratings upgraded shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Craig Hallum upgraded shares of Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Wednesday, April 8th. Lake Street Capital restated a “buy” rating on shares of Aehr Test Systems in a research note on Wednesday, April 8th. William Blair upgraded shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen upgraded shares of Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Aehr Test Systems presently has a consensus rating of “Hold” and an average price target of $68.00.

Aehr Test Systems Stock Up 6.8%

Shares of NASDAQ:AEHR opened at $115.88 on Tuesday. The company has a market cap of $3.64 billion, a price-to-earnings ratio of -304.95 and a beta of 3.18. The firm’s 50-day simple moving average is $90.34 and its 200-day simple moving average is $50.88. Aehr Test Systems has a fifty-two week low of $10.89 and a fifty-two week high of $126.62.

Aehr Test Systems (NASDAQ:AEHR) last issued its earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. The business had revenue of $10.31 million for the quarter, compared to the consensus estimate 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, research analysts forecast that Aehr Test Systems will post -0.31 EPS for the current year.

Insiders Place Their Bets

In other news, Director Laura Oliphant sold 4,665 shares of Aehr Test Systems stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $85.59, for a total value of $399,277.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Alistair N. Sporck sold 2,000 shares of Aehr Test Systems stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $93.50, for a total transaction of $187,000.00. Following the completion of the sale, the vice president directly owned 5,177 shares in the company, valued at approximately $484,049.50. The trade was a 27.87% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 375,005 shares of company stock valued at $28,656,178. Corporate insiders own 6.80% of the company’s stock.

Aehr Test Systems 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.