Aehr Test Systems $AEHR Stock Position Boosted by Capstone Capital Management Ltd

Capstone Capital Management Ltd boosted its position in shares of Aehr Test Systems (NASDAQ:AEHR) by 80.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,566 shares of the semiconductor company’s stock after purchasing an additional 17,699 shares during the period. Aehr Test Systems comprises 1.6% of Capstone Capital Management Ltd’s holdings, making the stock its 11th largest position. Capstone Capital Management Ltd owned approximately 0.12% of Aehr Test Systems worth $3,942,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advocate Investing Services LLC acquired a new position in shares of Aehr Test Systems during the second quarter worth about $26,000. Nykredit A S bought a new stake in Aehr Test Systems in the 2nd quarter valued at approximately $28,000. Compagnie Lombard Odier SCmA bought a new stake in Aehr Test Systems in the 2nd quarter valued at approximately $34,000. KBC Group NV bought a new stake in Aehr Test Systems in the 1st quarter valued at approximately $30,000. Finally, Tema ETFs LLC acquired a new position in Aehr Test Systems during the 2nd quarter worth approximately $89,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Insider Activity

In other Aehr Test Systems news, COO Adil Engineer sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $131.02, for a total value of $1,965,300.00. Following the sale, the chief operating officer owned 46,977 shares in the company, valued at $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 at this link. Also, EVP Alberto Salamone sold 9,672 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $127.72, for a total value of $1,235,307.84. Following the completion of the sale, the executive vice president directly owned 41,962 shares of the company’s stock, valued at approximately $5,359,386.64. The trade was a 18.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 109,475 shares of company stock valued at $13,827,160. 4.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AEHR. Wall Street Zen upgraded shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Craig Hallum restated a “buy” rating and set a $125.00 target price on shares of Aehr Test Systems in a report on Wednesday, July 15th. Lake Street Capital restated a “buy” rating and set a $110.00 target price on shares of Aehr Test Systems in a report on Wednesday, July 15th. Zacks Research downgraded shares of Aehr Test Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Finally, Oppenheimer assumed coverage on shares of Aehr Test Systems in a research report on Thursday, September 10th. They issued an “outperform” rating and a $120.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.50.

Aehr Test Systems Stock Down 2.1%

Shares of AEHR stock opened at $61.99 on Wednesday. The firm’s 50-day moving average is $93.26 and its 200-day moving average is $90.62. Aehr Test Systems has a 52-week low of $18.70 and a 52-week high of $147.40.

Aehr Test Systems Company Profile

Aehr Test Systems (NASDAQ: AEHR) develops and manufactures test and burn-in equipment used to qualify and screen semiconductor devices. Its systems are designed to identify manufacturing defects and reliability issues before chips are shipped to customers, helping semiconductor manufacturers improve production yields and product quality.

The company’s product portfolio includes the FOX family of semiconductor test systems, including the FOX-XP, FOX-NP and FOX-1P platforms. Aehr also provides wafer contactors, DiePak carriers and related test fixtures and software.