Royal Bank of Canada Purchases 7,968 Shares of Aehr Test Systems $AEHR

Royal Bank of Canada grew its position in Aehr Test Systems (NASDAQ:AEHR) by 15.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 59,939 shares of the semiconductor company’s stock after acquiring an additional 7,968 shares during the period. Royal Bank of Canada’s holdings in Aehr Test Systems were worth $2,222,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Aehr Test Systems by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock worth $47,193,000 after acquiring an additional 49,243 shares in the last quarter. Wellington Management Group LLP grew its stake in Aehr Test Systems by 129.9% in the fourth 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 period. Geode Capital Management LLC increased its holdings in shares of Aehr Test Systems by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 685,694 shares of the semiconductor company’s stock worth $13,846,000 after acquiring an additional 5,591 shares in the last quarter. Halter Ferguson Financial Inc. raised its position in shares of Aehr Test Systems by 41.7% during the fourth quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock worth $12,965,000 after purchasing an additional 189,117 shares during the period. Finally, State Street Corp raised its position in shares of Aehr Test Systems by 3.7% during the fourth quarter. State Street Corp now owns 624,085 shares of the semiconductor company’s stock worth $12,600,000 after purchasing an additional 21,982 shares during the period. Institutional investors own 69.69% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Lake Street Capital reiterated a “buy” rating and set a $110.00 price objective on shares of Aehr Test Systems in a report on Wednesday, July 15th. Wall Street Zen raised Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Jefferies Financial Group started coverage on shares of Aehr Test Systems in a report on Thursday. They set a “buy” rating and a $175.00 target price on the stock. Freedom Capital raised shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, Zacks Research upgraded shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Aehr Test Systems has a consensus rating of “Buy” and a consensus target price of $136.67.

Insider Activity at Aehr Test Systems

In related news, Director Howard T. Slayen sold 20,000 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $108.30, for a total transaction of $2,166,000.00. Following the completion of the transaction, the director directly owned 146,367 shares in the company, valued at approximately $15,851,546.10. This trade represents a 12.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rhea J. Posedel sold 8,413 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $130.00, for a total value of $1,093,690.00. Following the transaction, the director owned 387,962 shares of the company’s stock, valued at approximately $50,435,060. The trade was a 2.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 109,475 shares of company stock valued at $13,827,160 over the last ninety days. Company insiders own 6.80% of the company’s stock.

Aehr Test Systems Trading Up 8.6%

AEHR stock opened at $145.61 on Tuesday. The stock has a 50-day moving average price of $93.83 and a two-hundred day moving average price of $72.59. Aehr Test Systems has a 1 year low of $16.38 and a 1 year high of $147.40. The stock has a market cap of $4.75 billion, a PE ratio of -606.68 and a beta of 3.10.

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.