Aehr Test Systems $AEHR Shares Bought by Capstone Capital Management Ltd

Capstone Capital Management Ltd lifted its stake in shares of Aehr Test Systems (NASDAQ:AEHR) by 80.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 39,566 shares of the semiconductor company’s stock after buying an additional 17,699 shares during the quarter. Aehr Test Systems comprises about 1.6% of Capstone Capital Management Ltd’s portfolio, making the stock its 11th largest holding. Capstone Capital Management Ltd’s holdings in Aehr Test Systems were worth $3,942,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of AEHR. BlackRock Inc. acquired a new position in Aehr Test Systems in the 2nd quarter valued at about $255,476,000. State Street Corp lifted its position in Aehr Test Systems by 14.4% during the second quarter. State Street Corp now owns 712,926 shares of the semiconductor company’s stock worth $68,484,000 after acquiring an additional 89,620 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Aehr Test Systems during the second quarter worth approximately $64,433,000. AWM Investment Company Inc. bought a new stake in shares of Aehr Test Systems during the second quarter worth approximately $36,004,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Aehr Test Systems by 56.0% during the second quarter. Wellington Management Group LLP now owns 238,453 shares of the semiconductor company’s stock worth $22,906,000 after acquiring an additional 85,568 shares during the period. Institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Lake Street Capital reiterated a “buy” rating and set a $110.00 target price on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Oppenheimer assumed coverage on Aehr Test Systems in a research note on Thursday, September 10th. They issued an “outperform” rating and a $120.00 price target for the company. Craig Hallum restated a “buy” rating and issued a $125.00 price target on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Weiss Ratings lowered Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, July 29th. Finally, Wall Street Zen raised Aehr Test Systems from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $132.50.

Insider Transactions at Aehr Test Systems

In other news, Director Howard Slayen sold 20,000 shares of the company’s stock in a transaction on 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 sale, the director directly owned 146,367 shares in the company, valued at approximately $15,851,546.10. This represents a 12.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Adil Engineer sold 15,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $131.02, for a total value of $1,965,300.00. Following the sale, the chief operating officer owned 46,977 shares of the company’s stock, valued at approximately $6,154,926.54. The trade was a 24.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 109,475 shares of company stock worth $13,827,160. Corporate insiders own 4.60% of the company’s stock.

Aehr Test Systems Price Performance

Shares of NASDAQ:AEHR opened at $61.99 on Wednesday. Aehr Test Systems has a 1 year low of $18.70 and a 1 year high of $147.40. The business’s 50 day simple moving average is $93.26 and its 200 day simple moving average is $90.62.

About Aehr Test Systems

Aehr Test Systems (NASDAQ: AEHR) develops and manufactures test and burn-in equipment used to qualify and screen semiconductor devices. Its systems are designed to identify manufacturing defects and reliability issues before chips are shipped to customers, helping semiconductor manufacturers improve production yields and product quality.

The company’s product portfolio includes the FOX family of semiconductor test systems, including the FOX-XP, FOX-NP and FOX-1P platforms. Aehr also provides wafer contactors, DiePak carriers and related test fixtures and software.