UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.07 Million Stake in Aehr Test Systems $AEHR

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Aehr Test Systems (NASDAQ:AEHR) by 53.6% in the second quarter, Holdings Channel reports. The fund owned 52,815 shares of the semiconductor company’s stock after purchasing an additional 18,434 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Aehr Test Systems were worth $5,073,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in Aehr Test Systems by 56.0% in the 2nd quarter. Wellington Management Group LLP now owns 238,453 shares of the semiconductor company’s stock valued at $22,906,000 after purchasing an additional 85,568 shares during the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of Aehr Test Systems during the second quarter worth $201,000. Strait & Sound Wealth Management LLC acquired a new position in shares of Aehr Test Systems in the second quarter valued at approximately $207,000. Bank of America Corp DE bought a new stake in shares of Aehr Test Systems in the second quarter worth $11,629,000. Finally, Freestone Grove Partners LP bought a new stake in Aehr Test Systems in the second quarter valued at approximately $189,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Aehr Test Systems

In other Aehr Test Systems news, EVP Alberto Salamone sold 9,672 shares of the 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 completion of the transaction, the executive vice president directly owned 41,962 shares of the company’s stock, valued at approximately $5,359,386.64. This represents a 18.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Adil Engineer sold 15,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $131.02, for a total value of $1,965,300.00. Following the completion of the sale, the chief operating officer directly owned 46,977 shares of the company’s stock, valued at $6,154,926.54. This represents a 24.20% 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 worth $13,827,160 over the last 90 days. Corporate insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

AEHR has been the topic of a number of research analyst reports. Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Lake Street Capital reiterated a “buy” rating and set a $110.00 price target on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Zacks Research upgraded shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Jefferies Financial Group started coverage on shares of Aehr Test Systems in a research report on Thursday, August 13th. They set a “buy” rating and a $175.00 target price on the stock. Finally, Weiss Ratings lowered Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $136.67.

Aehr Test Systems Stock Performance

Shares of AEHR stock opened at $90.79 on Wednesday. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of -378.28 and a beta of 3.06. Aehr Test Systems has a 52 week low of $18.70 and a 52 week high of $147.40. The firm’s 50-day simple moving average is $90.11 and its two-hundred day simple moving average is $79.85.

Aehr Test Systems Profile

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.