Cim LLC Purchases Shares of 13,671 Aehr Test Systems $AEHR

Cim LLC acquired a new position in shares of Aehr Test Systems (NASDAQ:AEHR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,671 shares of the semiconductor company’s stock, valued at approximately $507,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AEHR. KBC Group NV bought a new stake in Aehr Test Systems in the 1st quarter worth approximately $30,000. Sunbelt Securities Inc. bought a new position in Aehr Test Systems during the third quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd bought a new position in Aehr Test Systems during the fourth quarter valued at approximately $25,000. State of Wyoming purchased a new position in shares of Aehr Test Systems during the second quarter worth approximately $28,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Aehr Test Systems by 3,500.0% during the third quarter. Russell Investments Group Ltd. now owns 2,448 shares of the semiconductor company’s stock worth $74,000 after acquiring an additional 2,380 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Lake Street Capital reissued a “buy” rating and issued a $110.00 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 (d)” rating in a research note on Wednesday, July 15th. Zacks Research upgraded shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Craig Hallum reaffirmed a “buy” rating and issued a $125.00 target price on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Finally, Freedom Capital upgraded shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $117.50.

Aehr Test Systems Trading Down 6.6%

Shares of AEHR stock opened at $65.40 on Thursday. The company’s fifty day moving average price is $91.90 and its 200-day moving average price is $65.17. The stock has a market cap of $2.13 billion, a PE ratio of -272.49 and a beta of 3.17. Aehr Test Systems has a 12 month low of $15.94 and a 12 month high of $126.62.

Insider Activity

In other news, Director Howard T. Slayen sold 6,819 shares of Aehr Test Systems stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $104.73, for a total value of $714,153.87. Following the completion of the transaction, the director owned 169,709 shares of the company’s stock, valued at $17,773,623.57. The trade was a 3.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is currently owned by corporate insiders.

Aehr Test Systems Company 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.