156,900 Shares in Aehr Test Systems $AEHR Bought by Bard Associates Inc.

Bard Associates Inc. purchased a new position in Aehr Test Systems (NASDAQ:AEHR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 156,900 shares of the semiconductor company’s stock, valued at approximately $15,072,000. Aehr Test Systems makes up 3.3% of Bard Associates Inc.’s holdings, making the stock its 6th largest holding.

Several other large investors have also made changes to their positions in the business. Ninepoint Partners LP purchased a new position in Aehr Test Systems during the second quarter valued at $960,000. BlackRock Inc. bought a new position in shares of Aehr Test Systems during the 2nd quarter valued at about $255,476,000. Deutsche Bank AG purchased a new position in shares of Aehr Test Systems during the second quarter valued at about $3,935,000. Rice Hall James & Associates LLC purchased a new stake in shares of Aehr Test Systems in the second quarter worth about $8,410,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of Aehr Test Systems in the second quarter worth about $134,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Aehr Test Systems

In related news, COO Adil Engineer sold 15,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $131.02, for a total transaction of $1,965,300.00. Following the transaction, the chief operating officer directly owned 46,977 shares of the company’s stock, valued at $6,154,926.54. This represents a 24.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gayn Erickson sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $130.84, for a total value of $5,233,600.00. Following the completion of the sale, the chief executive officer directly owned 157,723 shares of the company’s stock, valued at approximately $20,636,477.32. This represents a 20.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 109,475 shares of company stock worth $13,827,160 over the last ninety days. Corporate insiders own 6.80% of the company’s stock.

Aehr Test Systems Trading Down 4.0%

AEHR opened at $101.73 on Friday. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of -423.86 and a beta of 3.10. Aehr Test Systems has a 12 month low of $17.33 and a 12 month high of $147.40. The stock has a fifty day moving average price of $94.63 and a 200-day moving average price of $74.59.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AEHR shares. Lake Street Capital reissued a “buy” rating and issued a $110.00 price objective on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Craig Hallum reaffirmed a “buy” rating and issued a $125.00 price target on shares of Aehr Test Systems in a report on Wednesday, July 15th. Jefferies Financial Group initiated coverage on Aehr Test Systems in a research report on Thursday, August 13th. They issued a “buy” rating and a $175.00 price target for the company. Wall Street Zen raised Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $136.67.

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.