Strait & Sound Wealth Management LLC Buys New Stake in Aehr Test Systems $AEHR

Strait & Sound Wealth Management LLC purchased a new position in shares of Aehr Test Systems (NASDAQ:AEHR) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 9,400 shares of the semiconductor company’s stock, valued at approximately $349,000.

Several other institutional investors and hedge funds also recently modified their holdings of AEHR. Millennium Management LLC increased its holdings in shares of Aehr Test Systems by 0.8% during the fourth quarter. Millennium Management LLC now owns 59,219 shares of the semiconductor company’s stock valued at $1,196,000 after purchasing an additional 492 shares during the period. KBC Group NV acquired a new stake in Aehr Test Systems in the first quarter worth about $30,000. Sunbelt Securities Inc. bought a new position in Aehr Test Systems in the 3rd quarter valued at about $27,000. JPMorgan Chase & Co. grew its position in Aehr Test Systems by 7.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 15,576 shares of the semiconductor company’s stock valued at $201,000 after buying an additional 1,145 shares in the last quarter. Finally, Swiss National Bank increased its stake in Aehr Test Systems by 2.1% during the 1st quarter. Swiss National Bank now owns 57,500 shares of the semiconductor company’s stock valued at $2,132,000 after buying an additional 1,200 shares during the period. Institutional investors own 69.69% of the company’s stock.

Insider Activity at Aehr Test Systems

In other news, Director Howard T. Slayen sold 6,819 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $104.73, for a total transaction of $714,153.87. Following the completion of the sale, the director directly owned 169,709 shares of the company’s stock, valued at $17,773,623.57. This trade represents a 3.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AEHR. Craig Hallum reaffirmed 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 shares of Aehr Test Systems from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, July 15th. Lake Street Capital reissued a “buy” rating and set a $110.00 target price on shares of Aehr Test Systems in a report on Wednesday, July 15th. Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Wall Street Zen raised Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $117.50.

Aehr Test Systems Stock Performance

Shares of NASDAQ:AEHR opened at $65.40 on Thursday. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of -272.49 and a beta of 3.17. Aehr Test Systems has a 1-year low of $15.94 and a 1-year high of $126.62. The company has a 50 day moving average price of $91.90 and a 200 day moving average price of $65.17.

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.