Weiss Asset Management LP Purchases New Stake in Aehr Test Systems (NASDAQ:AEHR)

Weiss Asset Management LP purchased a new stake in shares of Aehr Test Systems (NASDAQ:AEHR – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 171,609 shares of the semiconductor company’s stock, valued at approximately $2,420,000.

Other large investors have also recently bought and sold shares of the company. Essex Investment Management Co. LLC raised its position in Aehr Test Systems by 2.9% during the third quarter. Essex Investment Management Co. LLC now owns 180,092 shares of the semiconductor company’s stock valued at $2,539,000 after buying an additional 5,008 shares during the period. Belvedere Trading LLC acquired a new position in Aehr Test Systems during the third quarter valued at $1,091,000. Greenwood Capital Associates LLC acquired a new position in Aehr Test Systems during the third quarter valued at $378,000. Navellier & Associates Inc. raised its position in Aehr Test Systems by 4.7% during the third quarter. Navellier & Associates Inc. now owns 137,433 shares of the semiconductor company’s stock valued at $1,938,000 after buying an additional 6,107 shares during the period. Finally, Ameritas Advisory Services LLC raised its position in Aehr Test Systems by 11.0% during the third quarter. Ameritas Advisory Services LLC now owns 470,283 shares of the semiconductor company’s stock valued at $6,631,000 after buying an additional 46,636 shares during the period. 42.97% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Aehr Test Systems

In other news, VP Vernon Rogers sold 37,500 shares of the company’s stock in a transaction dated Friday, January 27th. The stock was sold at an average price of $35.39, for a total transaction of $1,327,125.00. Following the completion of the sale, the vice president now owns 69,775 shares in the company, valued at approximately $2,469,337.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP Vernon Rogers sold 37,500 shares of the company’s stock in a transaction dated Friday, January 27th. The stock was sold at an average price of $35.39, for a total transaction of $1,327,125.00. Following the completion of the sale, the vice president now owns 69,775 shares in the company, valued at approximately $2,469,337.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David S. Hendrickson sold 5,253 shares of the company’s stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $28.71, for a total value of $150,813.63. Following the sale, the insider now owns 98,614 shares of the company’s stock, valued at approximately $2,831,207.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 336,952 shares of company stock worth $11,125,489. 11.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AEHR. Craig Hallum boosted their target price on Aehr Test Systems from $31.00 to $45.00 in a research note on Friday, January 20th. StockNews.com began coverage on Aehr Test Systems in a research note on Thursday. They issued a “hold” rating on the stock.

Aehr Test Systems Price Performance

Shares of NASDAQ AEHR opened at $32.25 on Friday. The business’s 50-day moving average price is $32.44 and its two-hundred day moving average price is $24.11. Aehr Test Systems has a one year low of $6.71 and a one year high of $37.57. The company has a market capitalization of $895.26 million, a P/E ratio of 75.00 and a beta of 2.01.

Aehr Test Systems (NASDAQ:AEHR – Get Rating) last released its quarterly earnings results on Thursday, January 5th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.09. The company had revenue of $14.82 million during the quarter, compared to the consensus estimate of $12.01 million. Aehr Test Systems had a return on equity of 26.31% and a net margin of 20.23%. On average, equities analysts anticipate that Aehr Test Systems will post 0.5 EPS for the current year.

Aehr Test Systems Profile

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Aehr Test Systems engages in the design, manufacture and marketing of test and burn-in products to the semiconductor manufacturing industry. Its products include wafer contact test systems, test during burn-in systems, test fixtures and die carriers. The company was founded by Rhea J. Posedel on May 25, 1977 and is headquartered in Fremont, CA.