Aehr Test Systems $AEHR Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund grew its stake in Aehr Test Systems (NASDAQ:AEHR) by 807.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,792 shares of the semiconductor company’s stock after purchasing an additional 22,059 shares during the quarter. New York State Common Retirement Fund owned approximately 0.08% of Aehr Test Systems worth $746,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. State of Wyoming purchased a new position in Aehr Test Systems in the 2nd quarter valued at about $28,000. CWM LLC lifted its position in shares of Aehr Test Systems by 15.1% in the second quarter. CWM LLC now owns 6,062 shares of the semiconductor company’s stock valued at $78,000 after acquiring an additional 793 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Aehr Test Systems by 110.8% in the second quarter. Legal & General Group Plc now owns 6,882 shares of the semiconductor company’s stock worth $89,000 after acquiring an additional 3,617 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Aehr Test Systems in the second quarter worth approximately $116,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Aehr Test Systems during the second quarter worth approximately $116,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Insider Activity

In other news, Director Laura Oliphant sold 4,546 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $31.40, for a total transaction of $142,744.40. Following the completion of the sale, the director owned 18,432 shares in the company, valued at $578,764.80. This trade represents a 19.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.80% of the stock is owned by corporate insiders.

Aehr Test Systems Stock Down 2.8%

Shares of AEHR opened at $26.83 on Wednesday. Aehr Test Systems has a 52-week low of $6.27 and a 52-week high of $34.35. The stock has a fifty day simple moving average of $24.84 and a two-hundred day simple moving average of $24.45. The company has a market capitalization of $821.80 million, a PE ratio of -89.43 and a beta of 2.31.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings data on Thursday, January 8th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. Aehr Test Systems had a negative net margin of 16.63% and a negative return on equity of 4.57%. The firm had revenue of $9.88 million during the quarter, compared to analyst estimates of $11.45 million. As a group, equities analysts anticipate that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

AEHR has been the topic of a number of research reports. Weiss Ratings restated a “sell (d)” rating on shares of Aehr Test Systems in a report on Wednesday, January 21st. Craig Hallum reiterated a “hold” rating on shares of Aehr Test Systems in a research report on Friday, January 9th. Lake Street Capital assumed coverage on shares of Aehr Test Systems in a research report on Wednesday, December 17th. They set a “buy” rating on the stock. Finally, Zacks Research raised shares of Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $21.00.

Aehr Test Systems Profile

Aehr Test Systems develops, manufactures and sells semiconductor test and burn-in equipment used by device manufacturers to ensure quality and reliability of integrated circuits. Its products are designed for wafer-level reliability assessment, functional test and stress screening of memory devices, system-on-chips, optical components and power semiconductors. By focusing on wafer-level burn-in and testing processes, the company helps reduce cost and improve yield for high-volume semiconductor production.

The company’s product portfolio includes FOX series wafer probe test and burn-in systems as well as ABTS burn-in ovens.