Focus Partners Advisor Solutions LLC Invests $394,000 in Aehr Test Systems $AEHR

Focus Partners Advisor Solutions LLC bought a new stake in Aehr Test Systems (NASDAQ:AEHR) in the 2nd quarter, Holdings Channel.com reports. The fund bought 4,097 shares of the semiconductor company’s stock, valued at approximately $394,000.

Several other institutional investors have also recently added to or reduced their stakes in AEHR. Advocate Investing Services LLC acquired a new position in Aehr Test Systems during the second quarter worth $26,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Aehr Test Systems during the second quarter worth $34,000. KBC Group NV acquired a new stake in shares of Aehr Test Systems in the first quarter valued at $30,000. Sunbelt Securities Inc. acquired a new stake in shares of Aehr Test Systems in the third quarter valued at $27,000. Finally, Tema ETFs LLC acquired a new stake in shares of Aehr Test Systems in the second quarter valued at $89,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

AEHR has been the topic of several research reports. 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. Zacks Research raised Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Jefferies Financial Group assumed coverage on Aehr Test Systems in a research report on Thursday, August 13th. They issued a “buy” rating and a $175.00 target price for the company. Weiss Ratings lowered shares of Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, July 29th. Finally, Lake Street Capital reissued a “buy” rating and set a $110.00 price target on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $136.67.

Aehr Test Systems Stock Performance

Shares of AEHR opened at $123.25 on Wednesday. The stock has a 50-day simple moving average of $94.41 and a 200-day simple moving average of $73.26. The stock has a market capitalization of $4.02 billion, a PE ratio of -513.52 and a beta of 3.10. Aehr Test Systems has a 1 year low of $16.38 and a 1 year high of $147.40.

Insider Activity

In other news, EVP Alberto Salamone sold 9,672 shares of Aehr Test Systems stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $127.72, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Laura Oliphant sold 1,717 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $133.00, for a total transaction of $228,361.00. Following the transaction, the director owned 16,100 shares of the company’s stock, valued at approximately $2,141,300. The trade was a 9.64% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 109,475 shares of company stock valued at $13,827,160. 6.80% of the stock is owned by corporate insiders.

About Aehr Test Systems

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.