Strait & Sound Wealth Management LLC Makes New $349,000 Investment in Aehr Test Systems $AEHR

Strait & Sound Wealth Management LLC acquired a new stake in shares of Aehr Test Systems (NASDAQ:AEHR) in the first quarter, Holdings Channel reports. The fund acquired 9,400 shares of the semiconductor company’s stock, valued at approximately $349,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Aehr Test Systems in the fourth quarter worth approximately $25,000. Sunbelt Securities Inc. purchased a new stake in shares of Aehr Test Systems in the 3rd quarter valued at approximately $27,000. State of Wyoming acquired a new position in Aehr Test Systems in the 2nd quarter worth approximately $28,000. KBC Group NV acquired a new position in Aehr Test Systems in the 1st quarter worth approximately $30,000. Finally, Russell Investments Group Ltd. grew its position in Aehr Test Systems by 3,500.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,448 shares of the semiconductor company’s stock worth $74,000 after purchasing an additional 2,380 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Aehr Test Systems Price Performance

Shares of NASDAQ AEHR opened at $65.40 on Thursday. Aehr Test Systems has a one year low of $15.94 and a one year high of $126.62. The business’s 50-day moving average price is $91.90 and its two-hundred day moving average price is $65.17. The company has a market capitalization of $2.13 billion, a P/E ratio of -272.49 and a beta of 3.17.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AEHR. Freedom Capital raised shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. 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. Craig Hallum reiterated a “buy” rating and set a $125.00 price target on shares of Aehr Test Systems in a report on Wednesday, July 15th. Zacks Research raised Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Finally, Wall Street Zen raised Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $117.50.

Insider Activity

In other news, Director Howard T. Slayen sold 6,819 shares of Aehr Test Systems stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $104.73, for a total transaction of $714,153.87. Following the completion of the sale, the director directly owned 169,709 shares in the company, valued at $17,773,623.57. The trade was a 3.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is currently owned by corporate 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.