Aehr Test Systems $AEHR Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its holdings in shares of Aehr Test Systems (NASDAQ:AEHR) by 807.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,792 shares of the semiconductor company’s stock after purchasing an additional 22,059 shares during the quarter. New York State Common Retirement Fund’s holdings in Aehr Test Systems were worth $746,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. ARS Investment Partners LLC acquired a new position in Aehr Test Systems in the second quarter valued at about $300,000. Penbrook Management LLC raised its stake in shares of Aehr Test Systems by 205.1% in the 2nd quarter. Penbrook Management LLC now owns 126,250 shares of the semiconductor company’s stock valued at $1,632,000 after acquiring an additional 84,875 shares during the period. Bosun Asset Management LLC acquired a new position in shares of Aehr Test Systems in the 2nd quarter worth approximately $272,000. AlphaQuest LLC boosted its position in shares of Aehr Test Systems by 697.6% during the 2nd quarter. AlphaQuest LLC now owns 20,156 shares of the semiconductor company’s stock worth $261,000 after purchasing an additional 17,629 shares during the period. Finally, Pier Capital LLC boosted its position in shares of Aehr Test Systems by 16.0% during the 2nd quarter. Pier Capital LLC now owns 405,932 shares of the semiconductor company’s stock worth $5,249,000 after purchasing an additional 55,861 shares during the period. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Laura Oliphant sold 4,546 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $31.40, for a total value of $142,744.40. Following the sale, the director owned 18,432 shares of the company’s stock, valued at $578,764.80. This trade represents a 19.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on AEHR shares. Zacks Research raised Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Lake Street Capital began coverage on Aehr Test Systems in a report on Wednesday, December 17th. They issued a “buy” rating on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Aehr Test Systems in a report on Wednesday, January 21st. Finally, Craig Hallum reaffirmed a “hold” rating on shares of Aehr Test Systems in a research report on Friday, January 9th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $21.00.

Aehr Test Systems Trading Down 2.8%

NASDAQ:AEHR opened at $26.83 on Wednesday. Aehr Test Systems has a 12-month low of $6.27 and a 12-month high of $34.35. The firm has a market cap of $821.80 million, a PE ratio of -89.43 and a beta of 2.31. The stock has a fifty day moving average price of $24.84 and a 200 day moving average price of $24.45.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings results on Thursday, January 8th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. The company had revenue of $9.88 million for the quarter, compared to analyst estimates of $11.45 million. Aehr Test Systems had a negative return on equity of 4.57% and a negative net margin of 16.63%. Equities analysts forecast that Aehr Test Systems will post 0.1 EPS for the current year.

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.