Quest Partners LLC Buys Shares of 4,230 Aehr Test Systems (NASDAQ:AEHR)

Quest Partners LLC purchased a new position in shares of Aehr Test Systems (NASDAQ:AEHR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,230 shares of the semiconductor company’s stock, valued at approximately $47,000.

A number of other institutional investors and hedge funds have also modified their holdings of AEHR. Congress Asset Management Co. MA purchased a new stake in shares of Aehr Test Systems in the fourth quarter valued at about $23,229,000. Baillie Gifford & Co. grew its holdings in Aehr Test Systems by 101.6% during the 2nd quarter. Baillie Gifford & Co. now owns 1,670,590 shares of the semiconductor company’s stock valued at $18,660,000 after buying an additional 841,964 shares during the last quarter. Vanguard Group Inc. increased its position in Aehr Test Systems by 39.0% during the first quarter. Vanguard Group Inc. now owns 2,097,712 shares of the semiconductor company’s stock worth $26,012,000 after buying an additional 588,953 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of Aehr Test Systems in the fourth quarter worth $14,458,000. Finally, Halter Ferguson Financial Inc. purchased a new stake in shares of Aehr Test Systems in the fourth quarter valued at $8,532,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

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

Aehr Test Systems Stock Down 3.0 %

Shares of NASDAQ:AEHR opened at $12.10 on Thursday. The company has a market cap of $349.87 million, a P/E ratio of 23.27 and a beta of 2.05. The business has a fifty day simple moving average of $15.09 and a 200-day simple moving average of $13.29. Aehr Test Systems has a 52 week low of $9.83 and a 52 week high of $49.83.

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

Insider Buying and Selling

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

About Aehr Test Systems

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.