State Street Corp Acquires 8,840 Shares of Aehr Test Systems (NASDAQ:AEHR)

State Street Corp increased its holdings in shares of Aehr Test Systems (NASDAQ:AEHR) by 1.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 571,860 shares of the semiconductor company’s stock after acquiring an additional 8,840 shares during the period. State Street Corp owned about 1.93% of Aehr Test Systems worth $7,348,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in shares of Aehr Test Systems by 7.3% during the second quarter. Bank of New York Mellon Corp now owns 101,957 shares of the semiconductor company’s stock worth $1,139,000 after purchasing an additional 6,896 shares during the last quarter. Principal Financial Group Inc. bought a new stake in Aehr Test Systems during the 2nd quarter valued at about $758,000. nVerses Capital LLC purchased a new stake in Aehr Test Systems in the 2nd quarter valued at about $25,000. Versor Investments LP bought a new position in Aehr Test Systems in the 2nd quarter worth about $117,000. Finally, Rhumbline Advisers increased its position in shares of Aehr Test Systems by 3.8% during 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 during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Price Performance

AEHR stock opened at $16.51 on Friday. Aehr Test Systems has a 1-year low of $9.83 and a 1-year high of $28.95. The business has a 50-day moving average price of $13.10 and a 200 day moving average price of $13.64. The company has a market capitalization of $489.21 million, a P/E ratio of 16.85 and a beta of 1.94.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings results on Thursday, October 10th. The semiconductor company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05. Aehr Test Systems had a net margin of 49.63% and a return on equity of 29.31%. The business had revenue of $13.12 million during the quarter, compared to analyst estimates of $11.90 million. On average, analysts anticipate 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 Aehr Test Systems from a “hold” rating to a “sell” rating in a report 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.