Knights of Columbus Asset Advisors LLC Acquires 21,575 Shares of Aehr Test Systems $AEHR

Knights of Columbus Asset Advisors LLC acquired a new position in shares of Aehr Test Systems (NASDAQ:AEHR) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 21,575 shares of the semiconductor company’s stock, valued at approximately $2,149,000.

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

Aehr Test Systems Stock Up 10.4%

Shares of Aehr Test Systems stock opened at $65.78 on Thursday. The stock’s fifty day moving average is $78.73 and its two-hundred day moving average is $74.97. The company has a market capitalization of $2.16 billion, a PE ratio of 1,644.50 and a beta of 3.36. Aehr Test Systems has a 52 week low of $18.70 and a 52 week high of $147.40.

Aehr Test Systems (NASDAQ:AEHR) last released its earnings results on Monday, November 2nd. The semiconductor company reported $0.28 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $33.01 million during the quarter, compared to the consensus estimate of $27.53 million.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AEHR shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aehr Test Systems in a research note on Tuesday, October 27th. Freedom Capital upgraded shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Oppenheimer initiated coverage on shares of Aehr Test Systems in a research report on Thursday, September 10th. They issued an “outperform” rating and a $120.00 price objective on the stock. Jefferies Financial Group decreased their price objective on shares of Aehr Test Systems from $175.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday, November 3rd. Finally, Craig Hallum reissued a “buy” rating and issued a $125.00 price objective on shares of Aehr Test Systems in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Aehr Test Systems currently has an average rating of “Moderate Buy” and a consensus price target of $118.75.

Insider Transactions at Aehr Test Systems

In related news, Director Rhea J. Posedel sold 5,973 shares of Aehr Test Systems stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $140.00, for a total transaction of $836,220.00. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Howard T. Slayen sold 5,700 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $133.03, for a total transaction of $758,271.00. Following the completion of the sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 4.60% of the company’s stock.

Aehr Test Systems Profile

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.