Bank of New York Mellon Corp Raises Position in Aehr Test Systems (NASDAQ:AEHR)

Bank of New York Mellon Corp grew its position in Aehr Test Systems (NASDAQ:AEHR) by 7.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 101,957 shares of the semiconductor company’s stock after buying an additional 6,896 shares during the period. Bank of New York Mellon Corp owned approximately 0.35% of Aehr Test Systems worth $1,139,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Aehr Test Systems by 39.0% in the 1st quarter. Vanguard Group Inc. now owns 2,097,712 shares of the semiconductor company’s stock worth $26,012,000 after acquiring an additional 588,953 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of Aehr Test Systems by 101.6% in the second quarter. Baillie Gifford & Co. now owns 1,670,590 shares of the semiconductor company’s stock worth $18,660,000 after purchasing an additional 841,964 shares during the last quarter. Congress Asset Management Co. MA bought a new position in shares of Aehr Test Systems during the fourth quarter valued at $23,229,000. Weiss Asset Management LP purchased a new stake in shares of Aehr Test Systems during the fourth quarter valued at $14,458,000. Finally, Halter Ferguson Financial Inc. bought a new stake in Aehr Test Systems in the 4th quarter worth about $8,532,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Stock Performance

AEHR stock opened at $12.31 on Friday. The company has a market cap of $355.94 million, a price-to-earnings ratio of 23.67 and a beta of 2.05. The business’s 50-day moving average is $14.98 and its two-hundred day moving average is $13.26. Aehr Test Systems has a fifty-two week low of $9.83 and a fifty-two week high of $48.28.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings data on Friday, July 19th. The semiconductor company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.70. Aehr Test Systems had a net margin of 50.07% and a return on equity of 36.41%. The firm had revenue of $16.60 million for the quarter. During the same quarter last year, the company earned $0.21 EPS. Equities analysts predict that Aehr Test Systems will post 0.25 earnings per share for the current year.

Insider Transactions at Aehr Test Systems

In other news, Director Fariba Danesh sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $18.59, for a total value of $185,900.00. Following the completion of the sale, the director now directly owns 16,390 shares in the company, valued at approximately $304,690.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Aehr Test Systems news, Director Howard T. Slayen purchased 20,000 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of $15.50 per share, for a total transaction of $310,000.00. Following the purchase, the director now owns 220,714 shares of the company’s stock, valued at approximately $3,421,067. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Fariba Danesh sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $18.59, for a total value of $185,900.00. Following the sale, the director now directly owns 16,390 shares in the company, valued at $304,690.10. The disclosure for this sale can be found here. Corporate insiders own 11.30% of the company’s stock.

Analysts Set New Price Targets

AEHR has been the topic of several research analyst reports. Craig Hallum upgraded shares of Aehr Test Systems from a “hold” rating to a “buy” rating and upped their target price for the company from $12.00 to $25.00 in a research note on Wednesday, July 17th. StockNews.com cut shares of Aehr Test Systems from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th.

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.