US Bancorp DE Invests $77,000 in Aehr Test Systems (NASDAQ:AEHR)

US Bancorp DE purchased a new stake in shares of Aehr Test Systems (NASDAQ:AEHR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,977 shares of the semiconductor company’s stock, valued at approximately $77,000.

Several other institutional investors have also recently bought and sold shares of AEHR. Rice Hall James & Associates LLC grew its holdings in Aehr Test Systems by 339.6% during the 2nd quarter. Rice Hall James & Associates LLC now owns 339,756 shares of the semiconductor company’s stock worth $3,795,000 after acquiring an additional 262,469 shares during the period. Apis Capital Advisors LLC bought a new position in shares of Aehr Test Systems during the 2nd quarter worth approximately $2,133,000. Vanguard Group Inc. boosted its holdings in shares of Aehr Test Systems by 39.0% during the 1st 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 during the period. Principal Financial Group Inc. acquired a new stake in Aehr Test Systems during the 2nd quarter worth approximately $758,000. Finally, Federated Hermes Inc. increased its position in Aehr Test Systems by 769.7% during the second quarter. Federated Hermes Inc. now owns 1,100,567 shares of the semiconductor company’s stock worth $12,293,000 after acquiring an additional 974,028 shares during the period. Institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

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

Aehr Test Systems Stock Down 4.0 %

Shares of AEHR opened at $10.78 on Friday. The business has a 50-day simple moving average of $13.31 and a two-hundred day simple moving average of $13.42. Aehr Test Systems has a 12-month low of $9.83 and a 12-month high of $30.50. The stock has a market cap of $319.41 million, a PE ratio of 11.00 and a beta of 2.03.

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

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.