Annex Advisory Services LLC purchased a new position in Aehr Test Systems (NASDAQ:AEHR – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 78,362 shares of the semiconductor company’s stock, valued at approximately $1,303,000.
Several other institutional investors have also modified their holdings of AEHR. Rhumbline Advisers lifted its stake in shares of Aehr Test Systems by 3.8% in the second quarter. Rhumbline Advisers now owns 39,333 shares of the semiconductor company’s stock worth $439,000 after acquiring an additional 1,438 shares in the last quarter. Apis Capital Advisors LLC acquired a new position in shares of Aehr Test Systems in the second quarter worth about $2,133,000. Diker Management LLC acquired a new stake in Aehr Test Systems during the second quarter valued at approximately $1,676,000. The Manufacturers Life Insurance Company raised its stake in Aehr Test Systems by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 11,045 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 769 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Aehr Test Systems during the second quarter valued at approximately $361,000. Institutional investors and hedge funds own 69.69% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com cut Aehr Test Systems from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th.
Aehr Test Systems Stock Up 2.4 %
Shares of NASDAQ AEHR opened at $12.46 on Tuesday. The stock’s 50 day moving average price is $13.51 and its two-hundred day moving average price is $14.08. Aehr Test Systems has a 52-week low of $9.83 and a 52-week high of $21.44. The stock has a market capitalization of $370.21 million, a P/E ratio of 12.71 and a beta of 1.86.
Aehr Test Systems (NASDAQ:AEHR – Get Free Report) last announced its quarterly earnings data on Monday, January 13th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). Aehr Test Systems had a net margin of 49.63% and a return on equity of 29.31%. On average, analysts anticipate that Aehr Test Systems will post 0.22 EPS for the current year.
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.
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