Deutsche Bank AG Takes $3.94 Million Position in Aehr Test Systems $AEHR

Deutsche Bank AG bought a new position in Aehr Test Systems (NASDAQ:AEHR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,960 shares of the semiconductor company’s stock, valued at approximately $3,935,000.

A number of other hedge funds also recently made changes to their positions in AEHR. Vanguard Group Inc. lifted its stake in Aehr Test Systems by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock valued at $47,193,000 after purchasing an additional 49,243 shares during the last quarter. Halter Ferguson Financial Inc. increased its holdings in shares of Aehr Test Systems by 41.7% during the fourth quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock worth $12,965,000 after buying an additional 189,117 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Aehr Test Systems in the 1st quarter valued at $291,000. UBS Group AG lifted its stake in shares of Aehr Test Systems by 55.7% in the 4th quarter. UBS Group AG now owns 243,129 shares of the semiconductor company’s stock valued at $4,909,000 after acquiring an additional 87,014 shares during the last quarter. Finally, Rice Hall James & Associates LLC acquired a new stake in shares of Aehr Test Systems during the 2nd quarter valued at $8,410,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Laura Oliphant sold 1,717 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $133.00, for a total transaction of $228,361.00. Following the completion of the transaction, the director directly owned 16,100 shares in the company, valued at $2,141,300. This trade represents a 9.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Adil Engineer sold 15,000 shares of Aehr Test Systems stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 46,977 shares in the company, valued at approximately $6,154,926.54. This represents a 24.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 109,475 shares of company stock valued at $13,827,160. Corporate insiders own 6.80% of the company’s stock.

Aehr Test Systems Stock Down 0.9%

Shares of NASDAQ:AEHR opened at $95.59 on Wednesday. The firm has a market cap of $3.12 billion, a P/E ratio of -398.28 and a beta of 3.10. Aehr Test Systems has a 12-month low of $18.70 and a 12-month high of $147.40. The business has a fifty day simple moving average of $94.05 and a 200 day simple moving average of $75.92.

Wall Street Analysts Forecast Growth

Several research firms have commented on AEHR. Jefferies Financial Group assumed coverage on Aehr Test Systems in a research report on Thursday, August 13th. They issued a “buy” rating and a $175.00 target price for the company. Freedom Capital upgraded shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Zacks Research upgraded shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Lake Street Capital reissued a “buy” rating and set a $110.00 target price on shares of Aehr Test Systems in a report on Wednesday, July 15th. Finally, Craig Hallum restated a “buy” rating and issued a $125.00 price target on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Aehr Test Systems currently has an average rating of “Buy” and an average target price of $136.67.

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.