GSA Capital Partners LLP Makes New $926,000 Investment in Aehr Test Systems $AEHR

GSA Capital Partners LLP purchased a new stake in Aehr Test Systems (NASDAQ:AEHR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,639 shares of the semiconductor company’s stock, valued at approximately $926,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP grew its stake in Aehr Test Systems by 129.9% in the 4th quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock valued at $16,771,000 after buying an additional 469,400 shares during the last quarter. Invesco Ltd. boosted its holdings in Aehr Test Systems by 1,137.2% during the third quarter. Invesco Ltd. now owns 366,570 shares of the semiconductor company’s stock valued at $11,037,000 after acquiring an additional 336,940 shares during the period. Next Century Growth Investors LLC grew its position in shares of Aehr Test Systems by 99.9% in the fourth quarter. Next Century Growth Investors LLC now owns 552,506 shares of the semiconductor company’s stock valued at $11,155,000 after purchasing an additional 276,160 shares during the last quarter. Halter Ferguson Financial Inc. grew its position in shares of Aehr Test Systems by 41.7% in the fourth quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock valued at $12,965,000 after purchasing an additional 189,117 shares during the last quarter. Finally, Penn Capital Management Company LLC bought a new position in shares of Aehr Test Systems in the second quarter worth about $14,476,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Aehr Test Systems news, EVP Alberto Salamone sold 9,672 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $127.72, for a total transaction of $1,235,307.84. Following the completion of the sale, the executive vice president owned 41,962 shares in the company, valued at approximately $5,359,386.64. The trade was a 18.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Adil Engineer sold 15,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $131.02, for a total value of $1,965,300.00. Following the completion of the transaction, the chief operating officer owned 46,977 shares in the company, valued at $6,154,926.54. This represents a 24.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 109,475 shares of company stock worth $13,827,160. Corporate insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wall Street Zen upgraded Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Freedom Capital raised Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Craig Hallum restated a “buy” rating and issued a $125.00 price objective on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Lake Street Capital reiterated a “buy” rating and set a $110.00 target price on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Finally, Weiss Ratings downgraded shares of Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Aehr Test Systems has a consensus rating of “Buy” and an average target price of $136.67.

Aehr Test Systems Stock Down 15.4%

Shares of AEHR opened at $123.25 on Wednesday. The firm has a market capitalization of $4.02 billion, a PE ratio of -513.52 and a beta of 3.10. The stock’s fifty day simple moving average is $94.41 and its 200-day simple moving average is $73.26. Aehr Test Systems has a 12-month low of $16.38 and a 12-month high of $147.40.

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.