Ninepoint Partners LP Purchases Shares of 9,996 Aehr Test Systems $AEHR

Ninepoint Partners LP purchased a new stake in Aehr Test Systems (NASDAQ:AEHR) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,996 shares of the semiconductor company’s stock, valued at approximately $960,000.

Several other large investors also recently made changes to their positions in AEHR. Caitong International Asset Management Co. Ltd acquired a new position in Aehr Test Systems in the 4th quarter worth $25,000. Advocate Investing Services LLC bought a new stake in shares of Aehr Test Systems in the second quarter valued at about $26,000. Sunbelt Securities Inc. acquired a new position in shares of Aehr Test Systems during the third quarter worth about $27,000. State of Wyoming bought a new position in shares of Aehr Test Systems during the second quarter worth about $28,000. Finally, KBC Group NV bought a new position in shares of Aehr Test Systems during the first quarter worth about $30,000. Institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Stock Down 1.8%

NASDAQ:AEHR opened at $105.97 on Friday. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of -441.52 and a beta of 3.10. Aehr Test Systems has a twelve month low of $17.04 and a twelve month high of $147.40. The stock’s 50 day moving average price is $94.76 and its two-hundred day moving average price is $74.40.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AEHR shares. Jefferies Financial Group initiated coverage on Aehr Test Systems in a research note on Thursday, August 13th. They issued a “buy” rating and a $175.00 target price on the stock. Freedom Capital upgraded shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Zacks Research raised shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Wall Street Zen upgraded shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $110.00 target price on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $136.67.

Insiders Place Their Bets

In related news, CEO Gayn Erickson sold 40,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $130.84, for a total value of $5,233,600.00. Following the completion of the transaction, the chief executive officer directly owned 157,723 shares of the company’s stock, valued at approximately $20,636,477.32. This trade represents a 20.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Howard T. Slayen sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $108.30, for a total transaction of $2,166,000.00. Following the transaction, the director owned 146,367 shares in the company, valued at approximately $15,851,546.10. The trade was a 12.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 109,475 shares of company stock valued at $13,827,160 in the last ninety days. 6.80% of the stock is currently owned by insiders.

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.