Ninepoint Partners LP Makes New Investment in Aehr Test Systems $AEHR

Ninepoint Partners LP acquired a new stake in Aehr Test Systems (NASDAQ:AEHR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 9,996 shares of the semiconductor company’s stock, valued at approximately $960,000.

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Aehr Test Systems during the fourth quarter worth approximately $25,000. Advocate Investing Services LLC acquired a new stake in shares of Aehr Test Systems in the second quarter valued at approximately $26,000. Sunbelt Securities Inc. acquired a new stake in shares of Aehr Test Systems in the third quarter valued at approximately $27,000. State of Wyoming bought a new position in Aehr Test Systems in the 2nd quarter worth approximately $28,000. Finally, KBC Group NV bought a new position in Aehr Test Systems in the 1st quarter worth approximately $30,000. 69.69% of the stock is owned by institutional investors.

Insider Buying and Selling

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 transaction, the executive vice president directly owned 41,962 shares of the company’s stock, valued at $5,359,386.64. This trade represents a 18.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Howard T. Slayen sold 5,700 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $133.03, for a total transaction of $758,271.00. Following the completion of the transaction, the director directly owned 140,667 shares of the company’s stock, valued at $18,712,931.01. This trade represents a 3.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 109,475 shares of company stock valued at $13,827,160. 6.80% of the stock is owned by company insiders.

Aehr Test Systems Price Performance

Shares of NASDAQ:AEHR opened at $105.97 on Friday. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of -441.52 and a beta of 3.10. The firm’s 50 day simple moving average is $94.76 and its 200 day simple moving average is $74.40. Aehr Test Systems has a fifty-two week low of $17.04 and a fifty-two week high of $147.40.

Analyst Ratings Changes

AEHR has been the topic of a number of recent research reports. Wall Street Zen upgraded Aehr Test Systems from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Jefferies Financial Group began coverage on Aehr Test Systems in a research report on Thursday, August 13th. They set a “buy” rating and a $175.00 target price for the company. Weiss Ratings lowered Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, July 29th. Zacks Research upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Finally, Craig Hallum reiterated a “buy” rating and issued a $125.00 price objective on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Two research 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. Based on data from MarketBeat.com, Aehr Test Systems currently has an average rating of “Buy” and an average price target of $136.67.

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.