Essex Investment Management Co. LLC Takes $1.02 Million Position in Aehr Test Systems $AEHR

Essex Investment Management Co. LLC acquired a new stake in shares of Aehr Test Systems (NASDAQ:AEHR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 34,005 shares of the semiconductor company’s stock, valued at approximately $1,024,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AEHR. State of Wyoming bought a new stake in Aehr Test Systems during the 2nd quarter worth approximately $28,000. Jones Financial Companies Lllp increased its stake in shares of Aehr Test Systems by 3,448.3% in the third quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 1,000 shares in the last quarter. CWM LLC raised its position in shares of Aehr Test Systems by 15.1% during the 2nd quarter. CWM LLC now owns 6,062 shares of the semiconductor company’s stock valued at $78,000 after purchasing an additional 793 shares during the period. Legal & General Group Plc raised its position in shares of Aehr Test Systems by 110.8% during the 2nd quarter. Legal & General Group Plc now owns 6,882 shares of the semiconductor company’s stock valued at $89,000 after purchasing an additional 3,617 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Aehr Test Systems during the 2nd quarter valued at $116,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

Aehr Test Systems Stock Performance

Shares of NASDAQ AEHR opened at $26.83 on Wednesday. The company has a market cap of $821.80 million, a P/E ratio of -89.43 and a beta of 2.31. Aehr Test Systems has a 52-week low of $6.27 and a 52-week high of $34.35. The firm’s fifty day moving average is $24.84 and its two-hundred day moving average is $24.45.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings data on Thursday, January 8th. The semiconductor company reported ($0.04) EPS for the quarter, beating the consensus estimate 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 business had revenue of $9.88 million during the quarter, compared to the consensus estimate of $11.45 million. As a group, analysts forecast that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AEHR. Craig Hallum reaffirmed a “hold” rating on shares of Aehr Test Systems in a report on Friday, January 9th. Lake Street Capital started coverage on Aehr Test Systems in a research report on Wednesday, December 17th. They issued a “buy” rating on the stock. Zacks Research upgraded Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Aehr Test Systems in a research note on Wednesday, January 21st. One 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $21.00.

Insider Buying and Selling

In other Aehr Test Systems news, Director Laura Oliphant sold 4,546 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $31.40, for a total transaction of $142,744.40. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 6.80% of the company’s stock.

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.