Aehr Test Systems $AEHR Stock Sold by Bouvel Investment Partners LLC

Bouvel Investment Partners LLC decreased its stake in shares of Aehr Test Systems (NASDAQ:AEHR) by 21.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,486 shares of the semiconductor company’s stock after selling 10,366 shares during the quarter. Bouvel Investment Partners LLC owned approximately 0.12% of Aehr Test Systems worth $3,834,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Aehr Test Systems during the second quarter worth about $255,476,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Aehr Test Systems in the second quarter valued at approximately $64,433,000. AWM Investment Company Inc. acquired a new stake in Aehr Test Systems in the second quarter valued at approximately $36,004,000. Bard Associates Inc. acquired a new position in Aehr Test Systems during the 2nd quarter worth approximately $15,072,000. Finally, Penn Capital Management Company LLC purchased a new stake in shares of Aehr Test Systems in the 2nd quarter valued at approximately $14,476,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AEHR shares. Zacks Research cut shares of Aehr Test Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Craig Hallum reissued a “buy” rating and issued a $125.00 target price 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 report on Saturday, July 18th. Weiss Ratings cut Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, July 29th. Finally, Freedom Capital raised Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $132.50.

Insider Activity

In other news, Director Laura Oliphant sold 1,717 shares of Aehr Test Systems stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $133.00, for a total transaction of $228,361.00. Following the sale, the director owned 16,100 shares in the company, valued at approximately $2,141,300. The trade was a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Adil Engineer sold 15,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief operating officer directly owned 46,977 shares of the company’s stock, valued at $6,154,926.54. The trade was a 24.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 109,475 shares of company stock worth $13,827,160 over the last three months. Company insiders own 4.60% of the company’s stock.

Aehr Test Systems Stock Performance

AEHR stock traded down $0.67 during midday trading on Tuesday, reaching $77.51. 2,352,287 shares of the company were exchanged, compared to its average volume of 2,469,834. Aehr Test Systems has a 1-year low of $18.70 and a 1-year high of $147.40. The stock’s 50-day simple moving average is $97.87 and its 200 day simple moving average is $89.28. The company has a market cap of $2.53 billion, a price-to-earnings ratio of -322.94 and a beta of 3.47.

Aehr Test Systems Profile

Aehr Test Systems (NASDAQ: AEHR) develops and manufactures test and burn-in equipment used by semiconductor manufacturers. Its systems are designed to identify reliability issues and manufacturing defects in integrated circuits, including devices tested at the wafer, die, and packaged-device levels.

The company’s product portfolio includes the FOX family of test and burn-in systems, WaferPak wafer-level test fixtures, and DiePak carriers for testing individual semiconductor dies. These solutions are used in the production of silicon carbide power semiconductors, silicon photonics devices, memory products, and other advanced semiconductor components.

Founded in 1977 and headquartered in Fremont, California, Aehr Test Systems serves semiconductor manufacturers and suppliers worldwide.