Aehr Test Systems (NASDAQ:AEHR) Stake Raised by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its holdings in shares of Aehr Test Systems (NASDAQ:AEHR) by 7.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,045 shares of the semiconductor company’s stock after acquiring an additional 769 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Aehr Test Systems were worth $123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. RiverPark Advisors LLC boosted its holdings in shares of Aehr Test Systems by 360.8% during the first quarter. RiverPark Advisors LLC now owns 2,069 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 1,620 shares during the period. nVerses Capital LLC acquired a new stake in shares of Aehr Test Systems during the 2nd quarter valued at $25,000. Quest Partners LLC purchased a new position in shares of Aehr Test Systems during the 2nd quarter valued at $47,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Aehr Test Systems in the first quarter worth $109,000. Finally, Versor Investments LP purchased a new stake in shares of Aehr Test Systems during the second quarter worth $117,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Insiders Place Their Bets

In other news, Director Fariba Danesh sold 10,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $18.59, for a total transaction of $185,900.00. Following the completion of the sale, the director now owns 16,390 shares in the company, valued at approximately $304,690.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Fariba Danesh sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $18.59, for a total transaction of $185,900.00. Following the completion of the sale, the director now directly owns 16,390 shares of the company’s stock, valued at approximately $304,690.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Howard T. Slayen bought 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $15.50 per share, for a total transaction of $310,000.00. Following the acquisition, the director now directly owns 220,714 shares in the company, valued at approximately $3,421,067. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 11.30% of the company’s stock.

Aehr Test Systems Trading Up 6.0 %

AEHR stock opened at $15.68 on Monday. The firm has a market cap of $453.39 million, a PE ratio of 30.15 and a beta of 2.03. Aehr Test Systems has a 1 year low of $9.83 and a 1 year high of $33.20. The company has a fifty day simple moving average of $13.59 and a 200 day simple moving average of $13.14.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AEHR shares. Craig Hallum upgraded Aehr Test Systems from a “hold” rating to a “buy” rating and boosted their target price for the company from $12.00 to $25.00 in a research note on Wednesday, July 17th. StockNews.com downgraded Aehr Test Systems from a “hold” rating to a “sell” rating in a report on Saturday, October 5th.

Aehr Test Systems Profile

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.