36,395 Shares in Aehr Test Systems $AEHR Purchased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC acquired a new stake in Aehr Test Systems (NASDAQ:AEHR) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 36,395 shares of the semiconductor company’s stock, valued at approximately $3,626,000.

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

Aehr Test Systems Stock Performance

AEHR opened at $65.78 on Thursday. The stock’s 50 day moving average price is $78.73 and its 200-day moving average price is $74.97. Aehr Test Systems has a one year low of $18.70 and a one year high of $147.40. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 1,644.50 and a beta of 3.36.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings results on Monday, November 2nd. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.17. Aehr Test Systems had a return on equity of 1.76% and a net margin of 2.97%. The firm had revenue of $33.01 million during the quarter, compared to analyst estimates of $27.53 million.

Analyst Ratings Changes

AEHR has been the subject of several recent analyst reports. Craig Hallum reaffirmed a “buy” rating and set a $125.00 price objective on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Aehr Test Systems in a research report on Tuesday, October 27th. Zacks Research downgraded shares of Aehr Test Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Freedom Capital upgraded shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Finally, Lake Street Capital lowered their target price on shares of Aehr Test Systems from $110.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $118.75.

Insider Buying and Selling at Aehr Test Systems

In other Aehr Test Systems news, Director Rhea J. Posedel sold 5,973 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.00, for a total value of $836,220.00. Following the sale, the director owned 381,989 shares in the company, valued at $53,478,460. This trade represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Howard T. Slayen sold 5,700 shares of Aehr Test Systems stock in a transaction on Friday, August 14th. The stock was sold at an average price of $133.03, for a total value of $758,271.00. Following the sale, the director owned 140,667 shares of the company’s stock, valued at approximately $18,712,931.01. This trade represents a 3.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 4.60% of the company’s stock.

About Aehr Test Systems

Aehr Test Systems designs, manufactures and markets semiconductor test and burn-in equipment and related products. Its systems are used to test devices at the wafer, die and packaged-chip stages of production. The company’s offerings include FOX series test and burn-in systems, WaferPak wafer-level contactors and DiePak carriers. These products support testing for applications such as silicon carbide power semiconductors, silicon photonics and other devices used in automotive, computing and communications markets.