Principal Financial Group Inc. Sells 21,066 Shares of Aehr Test Systems (NASDAQ:AEHR)

Principal Financial Group Inc. cut its stake in shares of Aehr Test Systems (NASDAQ:AEHR) by 31.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,793 shares of the semiconductor company’s stock after selling 21,066 shares during the period. Principal Financial Group Inc. owned about 0.16% of Aehr Test Systems worth $601,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. nVerses Capital LLC purchased a new stake in Aehr Test Systems in the 2nd quarter valued at about $25,000. Quest Partners LLC bought a new position in Aehr Test Systems in the 2nd quarter worth approximately $47,000. US Bancorp DE bought a new position in Aehr Test Systems in the 3rd quarter worth approximately $77,000. B. Riley Wealth Advisors Inc. bought a new position in Aehr Test Systems in the 1st quarter valued at $109,000. Finally, Versor Investments LP bought a new position in Aehr Test Systems in the 2nd quarter valued at $117,000. Institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Stock Up 3.9 %

Aehr Test Systems stock opened at $12.16 on Monday. Aehr Test Systems has a 52-week low of $9.83 and a 52-week high of $30.50. The company has a market cap of $360.30 million, a price-to-earnings ratio of 12.41 and a beta of 2.03. The firm’s fifty day moving average is $13.16 and its 200 day moving average is $13.42.

Aehr Test Systems (NASDAQ:AEHR) last issued its earnings results on Thursday, October 10th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.05. The company had revenue of $13.12 million for the quarter, compared to analysts’ expectations of $11.90 million. Aehr Test Systems had a net margin of 49.63% and a return on equity of 29.31%. On average, equities research analysts anticipate that Aehr Test Systems will post 0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Aehr Test Systems from a “hold” rating to a “sell” rating in a report on Saturday, October 5th.

Aehr Test Systems Company 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.