Inspire Investing LLC Trims Stock Position in Aehr Test Systems $AEHR

Inspire Investing LLC trimmed its holdings in Aehr Test Systems (NASDAQ:AEHR) by 39.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,057 shares of the semiconductor company’s stock after selling 9,219 shares during the period. Inspire Investing LLC’s holdings in Aehr Test Systems were worth $521,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in shares of Aehr Test Systems by 129.9% during the 4th quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock valued at $16,771,000 after acquiring an additional 469,400 shares during the last quarter. Invesco Ltd. boosted its position in shares of Aehr Test Systems by 1,137.2% in the third quarter. Invesco Ltd. now owns 366,570 shares of the semiconductor company’s stock worth $11,037,000 after acquiring an additional 336,940 shares during the last quarter. Next Century Growth Investors LLC boosted its position in shares of Aehr Test Systems by 99.9% in the fourth quarter. Next Century Growth Investors LLC now owns 552,506 shares of the semiconductor company’s stock worth $11,155,000 after acquiring an additional 276,160 shares during the last quarter. Halter Ferguson Financial Inc. grew its holdings in Aehr Test Systems by 41.7% in the fourth quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock valued at $12,965,000 after purchasing an additional 189,117 shares during the period. Finally, Squarepoint Ops LLC grew its holdings in Aehr Test Systems by 1,321.9% in the fourth quarter. Squarepoint Ops LLC now owns 100,199 shares of the semiconductor company’s stock valued at $2,023,000 after purchasing an additional 108,399 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Insider Buying and Selling

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 transaction, the director 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Alistair N. Sporck sold 2,000 shares of the company’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $93.50, for a total transaction of $187,000.00. Following the sale, the vice president directly owned 5,177 shares of the company’s stock, valued at approximately $484,049.50. This trade represents a 27.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 375,005 shares of company stock valued at $28,656,178. 6.80% of the stock is owned by corporate insiders.

Aehr Test Systems Stock Performance

Shares of NASDAQ:AEHR opened at $69.96 on Friday. The stock has a 50-day simple moving average of $97.89 and a 200-day simple moving average of $57.79. The stock has a market capitalization of $2.20 billion, a P/E ratio of -184.11 and a beta of 3.17. Aehr Test Systems has a 1 year low of $12.19 and a 1 year high of $126.62.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. The firm had revenue of $10.31 million for the quarter, compared to analyst estimates of $10.85 million. Aehr Test Systems had a negative net margin of 25.23% and a negative return on equity of 7.15%. Analysts predict that Aehr Test Systems will post -0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AEHR has been the topic of a number of recent analyst reports. Weiss Ratings raised 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 raised shares of Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Wednesday, April 8th. Wall Street Zen upgraded Aehr Test Systems from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. Finally, Lake Street Capital reaffirmed a “buy” rating on shares of Aehr Test Systems in a research report on Wednesday, April 8th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Aehr Test Systems presently has a consensus rating of “Hold” and a consensus price target of $68.00.

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.