Cim LLC Purchases New Position in Aehr Test Systems $AEHR

Cim LLC acquired a new position in Aehr Test Systems (NASDAQ:AEHR) in the first quarter, HoldingsChannel.com reports. The firm acquired 13,671 shares of the semiconductor company’s stock, valued at approximately $507,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AEHR. Royal Bank of Canada increased its holdings in shares of Aehr Test Systems by 262.7% in the 1st quarter. Royal Bank of Canada now owns 50,207 shares of the semiconductor company’s stock worth $365,000 after purchasing an additional 36,364 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Aehr Test Systems by 8.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,225 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 1,344 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Aehr Test Systems by 7.9% during the second quarter. JPMorgan Chase & Co. now owns 15,576 shares of the semiconductor company’s stock valued at $201,000 after purchasing an additional 1,145 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Aehr Test Systems by 110.8% during the second quarter. Legal & General Group Plc now owns 6,882 shares of the semiconductor company’s stock valued at $89,000 after buying an additional 3,617 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Aehr Test Systems by 3.1% during the second quarter. Rhumbline Advisers now owns 41,466 shares of the semiconductor company’s stock valued at $536,000 after buying an additional 1,254 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

Aehr Test Systems Price Performance

Shares of AEHR opened at $65.40 on Thursday. Aehr Test Systems has a one year low of $15.94 and a one year high of $126.62. The firm has a market capitalization of $2.13 billion, a P/E ratio of -272.49 and a beta of 3.17. The business has a fifty day moving average of $91.90 and a 200 day moving average of $65.17.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Aehr Test Systems news, Director Howard T. Slayen sold 6,819 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $104.73, for a total value of $714,153.87. Following the transaction, the director directly owned 169,709 shares of the company’s stock, valued at approximately $17,773,623.57. This trade represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Aehr Test Systems Company 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.