Bouvel Investment Partners LLC Sells 10,366 Shares of Aehr Test Systems $AEHR

Bouvel Investment Partners LLC trimmed its holdings in Aehr Test Systems (NASDAQ:AEHR) by 21.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,486 shares of the semiconductor company’s stock after selling 10,366 shares during the quarter. Bouvel Investment Partners LLC’s holdings in Aehr Test Systems were worth $3,834,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Aehr Test Systems in the 2nd quarter valued at $255,476,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Aehr Test Systems during the 2nd quarter worth $64,433,000. AWM Investment Company Inc. acquired a new position in Aehr Test Systems in the second quarter valued at $36,004,000. Bard Associates Inc. purchased a new stake in shares of Aehr Test Systems in the second quarter valued at about $15,072,000. Finally, Penn Capital Management Company LLC purchased a new stake in shares of Aehr Test Systems in the second quarter valued at about $14,476,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

AEHR has been the subject of several analyst reports. Oppenheimer assumed coverage on Aehr Test Systems in a research note on Thursday, September 10th. They set an “outperform” rating and a $120.00 price objective for the company. Wall Street Zen raised Aehr Test Systems from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Lake Street Capital reaffirmed a “buy” rating and set a $110.00 price target on shares of Aehr Test Systems in a report on Wednesday, July 15th. Craig Hallum reiterated a “buy” rating and issued a $125.00 price objective on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Finally, Jefferies Financial Group began coverage on shares of Aehr Test Systems in a research note on Thursday, August 13th. They issued a “buy” rating and a $175.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, five have assigned 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 a consensus rating of “Moderate Buy” and an average target price of $132.50.

Insider Transactions at Aehr Test Systems

In other Aehr Test Systems news, Director Rhea J. Posedel sold 8,413 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $130.00, for a total transaction of $1,093,690.00. Following the sale, the director directly owned 387,962 shares in the company, valued at approximately $50,435,060. The trade was a 2.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alberto Salamone sold 9,672 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $127.72, for a total transaction of $1,235,307.84. Following the transaction, the executive vice president directly owned 41,962 shares in the company, valued at approximately $5,359,386.64. This trade represents a 18.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 109,475 shares of company stock valued at $13,827,160 in the last three months. Insiders own 4.60% of the company’s stock.

Aehr Test Systems Price Performance

Shares of AEHR stock traded down $0.67 during trading hours on Tuesday, reaching $77.51. 2,352,287 shares of the company’s stock were exchanged, compared to its average volume of 2,469,834. The company has a market cap of $2.53 billion, a P/E ratio of -322.94 and a beta of 3.47. The company’s 50 day moving average is $97.87 and its two-hundred day moving average is $89.28. Aehr Test Systems has a 1 year low of $18.70 and a 1 year high of $147.40.

Aehr Test Systems Profile

Aehr Test Systems (NASDAQ: AEHR) develops and manufactures test and burn-in equipment used by semiconductor manufacturers. Its systems are designed to identify reliability issues and manufacturing defects in integrated circuits, including devices tested at the wafer, die, and packaged-device levels.

The company’s product portfolio includes the FOX family of test and burn-in systems, WaferPak wafer-level test fixtures, and DiePak carriers for testing individual semiconductor dies. These solutions are used in the production of silicon carbide power semiconductors, silicon photonics devices, memory products, and other advanced semiconductor components.

Founded in 1977 and headquartered in Fremont, California, Aehr Test Systems serves semiconductor manufacturers and suppliers worldwide.