Clough Capital Partners L P Makes New Investment in Aehr Test Systems $AEHR

Clough Capital Partners L P purchased a new position in shares of Aehr Test Systems (NASDAQ:AEHR) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 21,899 shares of the semiconductor company’s stock, valued at approximately $812,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Millennium Management LLC grew its holdings in shares of Aehr Test Systems by 0.8% in the fourth quarter. Millennium Management LLC now owns 59,219 shares of the semiconductor company’s stock valued at $1,196,000 after purchasing an additional 492 shares in the last quarter. KBC Group NV acquired a new stake in Aehr Test Systems during the 1st quarter worth approximately $30,000. Sunbelt Securities Inc. acquired a new stake in Aehr Test Systems during the 3rd quarter worth approximately $27,000. JPMorgan Chase & Co. boosted its position in Aehr Test Systems by 7.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 15,576 shares of the semiconductor company’s stock valued at $201,000 after buying an additional 1,145 shares during the period. Finally, Swiss National Bank boosted its position in Aehr Test Systems by 2.1% in the 1st quarter. Swiss National Bank now owns 57,500 shares of the semiconductor company’s stock valued at $2,132,000 after buying an additional 1,200 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AEHR shares. Wall Street Zen raised Aehr Test Systems from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Weiss Ratings lowered Aehr Test Systems from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, July 15th. Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Craig Hallum reissued a “buy” rating and set a $125.00 target price on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Finally, Zacks Research upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Aehr Test Systems has a consensus rating of “Buy” and a consensus price target of $117.50.

Aehr Test Systems Price Performance

Shares of Aehr Test Systems stock opened at $76.32 on Monday. Aehr Test Systems has a 52-week low of $15.94 and a 52-week high of $126.62. The company has a market capitalization of $2.40 billion, a P/E ratio of -317.99 and a beta of 3.17. The company has a 50 day moving average of $92.59 and a 200 day moving average of $64.17.

Insider Activity at Aehr Test Systems

In other news, Director Howard T. Slayen sold 6,819 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $104.73, for a total value of $714,153.87. Following the sale, the director directly owned 169,709 shares in the company, valued at approximately $17,773,623.57. This trade represents a 3.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.