The Manufacturers Life Insurance Company Purchases Shares of 10,480 Aehr Test Systems $AEHR

The Manufacturers Life Insurance Company acquired a new stake in shares of Aehr Test Systems (NASDAQ:AEHR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,480 shares of the semiconductor company’s stock, valued at approximately $1,007,000.

Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Aehr Test Systems in the 2nd quarter worth $255,476,000. Vanguard Group Inc. lifted its holdings in shares of Aehr Test Systems by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock valued at $47,193,000 after purchasing an additional 49,243 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Aehr Test Systems by 129.9% during the fourth quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock valued at $16,771,000 after purchasing an additional 469,400 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Aehr Test Systems by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 685,694 shares of the semiconductor company’s stock valued at $13,846,000 after purchasing an additional 5,591 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Aehr Test Systems in the 2nd quarter valued at $64,433,000. 69.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AEHR. Zacks Research upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Weiss Ratings cut shares of Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, July 29th. Craig Hallum reiterated a “buy” rating and issued a $125.00 target price on shares of Aehr Test Systems in a report on Wednesday, July 15th. Freedom Capital raised shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Wall Street Zen upgraded shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $136.67.

Insider Activity

In related news, COO Adil Engineer sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $131.02, for a total transaction of $1,965,300.00. Following the completion of the sale, the chief operating officer directly owned 46,977 shares in the company, valued at approximately $6,154,926.54. This trade represents a 24.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Rhea J. Posedel sold 5,973 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $140.00, for a total transaction of $836,220.00. Following the transaction, the director directly owned 381,989 shares in the company, valued at $53,478,460. The trade was a 1.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 109,475 shares of company stock worth $13,827,160. Corporate insiders own 6.80% of the company’s stock.

Aehr Test Systems Stock Up 13.1%

Shares of Aehr Test Systems stock opened at $86.26 on Friday. The stock has a market cap of $2.81 billion, a PE ratio of -359.40 and a beta of 3.06. Aehr Test Systems has a 12 month low of $18.70 and a 12 month high of $147.40. The business has a fifty day simple moving average of $90.39 and a 200-day simple moving average of $78.66.

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.