Aehr Test Systems $AEHR is Penbrook Management LLC’s 9th Largest Position

Penbrook Management LLC cut its holdings in shares of Aehr Test Systems (NASDAQ:AEHR) by 30.8% during the first quarter, Holdings Channel.com reports. The firm owned 79,515 shares of the semiconductor company’s stock after selling 35,385 shares during the period. Aehr Test Systems makes up 2.2% of Penbrook Management LLC’s holdings, making the stock its 9th biggest holding. Penbrook Management LLC’s holdings in Aehr Test Systems were worth $2,948,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new position in Aehr Test Systems in the fourth quarter valued at about $25,000. Sunbelt Securities Inc. bought a new position in Aehr Test Systems in the third quarter worth about $27,000. State of Wyoming purchased a new stake in shares of Aehr Test Systems during the second quarter valued at about $28,000. RiverPark Advisors LLC purchased a new stake in shares of Aehr Test Systems during the third quarter valued at about $42,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Aehr Test Systems by 3,500.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,448 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 2,380 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

Insider Buying and Selling

In other Aehr Test Systems news, Director Rhea J. Posedel sold 30,000 shares of Aehr Test Systems stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $70.00, for a total transaction of $2,100,000.00. Following the completion of the sale, the director owned 426,979 shares of the company’s stock, valued at approximately $29,888,530. The trade was a 6.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Donald P. Richmond II sold 17,011 shares of the business’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $73.18, for a total value of $1,244,864.98. Following the sale, the insider owned 181,512 shares in the company, valued at approximately $13,283,048.16. The trade was a 8.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 375,005 shares of company stock worth $28,656,178 over the last three months. Corporate insiders own 6.80% of the company’s stock.

Aehr Test Systems Stock Up 3.8%

Shares of Aehr Test Systems stock opened at $98.79 on Friday. The company has a 50 day moving average price of $97.59 and a 200 day moving average price of $55.59. The firm has a market capitalization of $3.11 billion, a P/E ratio of -259.97 and a beta of 3.17. Aehr Test Systems has a 52 week low of $11.76 and a 52 week high of $126.62.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $10.31 million for the quarter, compared to analyst estimates of $10.85 million. Aehr Test Systems had a negative net margin of 25.23% and a negative return on equity of 7.15%. As a group, research analysts anticipate that Aehr Test Systems will post -0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on AEHR. Weiss Ratings upgraded shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Wall Street Zen raised shares of Aehr Test Systems from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. William Blair raised Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research report on Monday, March 2nd. Craig Hallum upgraded Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Wednesday, April 8th. Finally, Lake Street Capital reissued a “buy” rating on shares of Aehr Test Systems in a research report on Wednesday, April 8th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $68.00.

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.