Legal & General Group Plc Takes $2.29 Million Position in Aehr Test Systems $AEHR

Legal & General Group Plc bought a new position in Aehr Test Systems (NASDAQ:AEHR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 23,821 shares of the semiconductor company’s stock, valued at approximately $2,288,000.

Several other institutional investors have also recently made changes to their positions in AEHR. Royal Bank of Canada grew its holdings in Aehr Test Systems by 262.7% during the 1st quarter. Royal Bank of Canada now owns 50,207 shares of the semiconductor company’s stock valued at $365,000 after purchasing an additional 36,364 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Aehr Test Systems by 8.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,225 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 1,344 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Aehr Test Systems by 7.9% in the second quarter. JPMorgan Chase & Co. now owns 15,576 shares of the semiconductor company’s stock worth $201,000 after purchasing an additional 1,145 shares during the last quarter. Rhumbline Advisers lifted its stake in Aehr Test Systems by 3.1% in the second quarter. Rhumbline Advisers now owns 41,466 shares of the semiconductor company’s stock worth $536,000 after purchasing an additional 1,254 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Aehr Test Systems by 88.1% during the second quarter. American Century Companies Inc. now owns 22,106 shares of the semiconductor company’s stock valued at $286,000 after buying an additional 10,354 shares during the period. Institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Trading Up 13.1%

AEHR opened at $86.26 on Friday. The company 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 12-month low of $18.70 and a 12-month high of $147.40. The business’s fifty day simple moving average is $90.39 and its 200-day simple moving average is $78.66.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Jefferies Financial Group began coverage on Aehr Test Systems in a research note on Thursday, August 13th. They set a “buy” rating and a $175.00 target price on the stock. Lake Street Capital reissued a “buy” rating and set a $110.00 price target on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Zacks Research upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Craig Hallum reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Finally, Wall Street Zen upgraded Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $136.67.

Insider Activity at Aehr Test Systems

In other Aehr Test Systems news, EVP Alberto Salamone sold 9,672 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $127.72, for a total transaction of $1,235,307.84. Following the transaction, the executive vice president directly owned 41,962 shares in the company, valued at $5,359,386.64. This represents a 18.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Howard Slayen sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $108.30, for a total transaction of $2,166,000.00. Following the completion of the sale, the director owned 146,367 shares of the company’s stock, valued at approximately $15,851,546.10. This represents a 12.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 109,475 shares of company stock worth $13,827,160 over the last quarter. 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.