HighTower Advisors LLC Takes $144,000 Position in Aehr Test Systems (NASDAQ:AEHR)

HighTower Advisors LLC purchased a new stake in shares of Aehr Test Systems (NASDAQ:AEHR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,224 shares of the semiconductor company’s stock, valued at approximately $144,000.

Other large investors have also added to or reduced their stakes in the company. Atom Investors LP acquired a new stake in Aehr Test Systems during the third quarter worth about $390,000. BNP Paribas Financial Markets increased its holdings in Aehr Test Systems by 89.1% in the third quarter. BNP Paribas Financial Markets now owns 23,709 shares of the semiconductor company’s stock valued at $305,000 after purchasing an additional 11,172 shares during the period. FMR LLC increased its position in shares of Aehr Test Systems by 1,535.8% during the third quarter. FMR LLC now owns 2,619,108 shares of the semiconductor company’s stock worth $33,656,000 after buying an additional 2,458,993 shares during the period. Truvestments Capital LLC acquired a new position in Aehr Test Systems in the third quarter valued at approximately $36,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Aehr Test Systems by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 226,336 shares of the semiconductor company’s stock worth $2,908,000 after purchasing an additional 8,646 shares during the period. Institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Stock Up 7.7 %

Shares of AEHR stock opened at $15.13 on Thursday. Aehr Test Systems has a 12-month low of $9.83 and a 12-month high of $30.00. The company has a 50 day moving average of $13.03 and a 200-day moving average of $13.59. The firm has a market cap of $448.32 million, a P/E ratio of 15.44 and a beta of 1.94.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings results on Thursday, October 10th. The semiconductor company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The firm had revenue of $13.12 million for the quarter, compared to analysts’ expectations of $11.90 million. Aehr Test Systems had a return on equity of 29.31% and a net margin of 49.63%. As a group, equities analysts expect that Aehr Test Systems will post 0.22 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Aehr Test Systems from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th.

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.