Aehr Test Systems (NASDAQ:AEHR) Shares Purchased by Fmr LLC

Fmr LLC grew its stake in shares of Aehr Test Systems (NASDAQ:AEHR) by 1,535.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,619,108 shares of the semiconductor company’s stock after acquiring an additional 2,458,993 shares during the period. Fmr LLC owned about 8.84% of Aehr Test Systems worth $33,656,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AEHR. nVerses Capital LLC bought a new position in Aehr Test Systems during the second quarter worth $25,000. Truvestments Capital LLC bought a new position in shares of Aehr Test Systems during the third quarter valued at approximately $36,000. Quest Partners LLC acquired a new stake in shares of Aehr Test Systems during the 2nd quarter worth approximately $47,000. US Bancorp DE bought a new stake in shares of Aehr Test Systems in the 3rd quarter worth approximately $77,000. Finally, Montanaro Asset Management Ltd bought a new stake in shares of Aehr Test Systems in the 3rd quarter worth approximately $112,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Aehr Test Systems Trading Up 4.7 %

Aehr Test Systems stock opened at $11.70 on Monday. The company’s 50-day moving average price is $13.05 and its two-hundred day moving average price is $13.47. The stock has a market cap of $346.68 million, a price-to-earnings ratio of 11.94 and a beta of 1.94. Aehr Test Systems has a 52 week low of $9.83 and a 52 week high of $30.50.

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

Analysts Set New Price Targets

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

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.