LPL Financial LLC Decreases Stock Holdings in Aehr Test Systems (NASDAQ:AEHR)

LPL Financial LLC trimmed its position in shares of Aehr Test Systems (NASDAQ:AEHR) by 28.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,955 shares of the semiconductor company’s stock after selling 30,620 shares during the period. LPL Financial LLC owned approximately 0.27% of Aehr Test Systems worth $3,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of AEHR. Ameriprise Financial Inc. purchased a new stake in Aehr Test Systems during the 1st quarter valued at $42,623,000. Point72 Asset Management L.P. raised its holdings in Aehr Test Systems by 114.1% during the 4th quarter. Point72 Asset Management L.P. now owns 721,646 shares of the semiconductor company’s stock valued at $14,505,000 after buying an additional 384,636 shares during the period. Dimensional Fund Advisors LP raised its holdings in Aehr Test Systems by 2,389.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 328,192 shares of the semiconductor company’s stock valued at $10,185,000 after buying an additional 315,009 shares during the period. Next Century Growth Investors LLC purchased a new stake in Aehr Test Systems during the 1st quarter valued at $8,952,000. Finally, Renaissance Technologies LLC raised its holdings in Aehr Test Systems by 718.1% during the 1st quarter. Renaissance Technologies LLC now owns 294,500 shares of the semiconductor company’s stock valued at $9,135,000 after buying an additional 258,500 shares during the period. Hedge funds and other institutional investors own 67.80% of the company’s stock.

Insider Transactions at Aehr Test Systems

In other news, VP Alistair N. Sporck sold 955 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $37.65, for a total transaction of $35,955.75. Following the transaction, the vice president now owns 11,988 shares of the company’s stock, valued at approximately $451,348.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Alistair N. Sporck sold 955 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $37.65, for a total transaction of $35,955.75. Following the transaction, the vice president now owns 11,988 shares of the company’s stock, valued at approximately $451,348.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Howard T. Slayen purchased 700 shares of the company’s stock in a transaction dated Wednesday, October 11th. The shares were purchased at an average cost of $40.20 per share, for a total transaction of $28,140.00. Following the transaction, the director now directly owns 186,989 shares in the company, valued at approximately $7,516,957.80. The disclosure for this purchase can be found here. Corporate insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AEHR shares. Craig Hallum increased their price target on Aehr Test Systems from $45.00 to $60.00 in a report on Friday, July 14th. TheStreet lowered Aehr Test Systems from a “b-” rating to a “c+” rating in a research note on Friday, October 27th. Finally, StockNews.com started coverage on Aehr Test Systems in a research note on Thursday, October 5th. They issued a “hold” rating on the stock.

Aehr Test Systems Stock Up 3.8 %

AEHR stock opened at $23.95 on Wednesday. The business’s fifty day simple moving average is $40.65 and its two-hundred day simple moving average is $39.63. Aehr Test Systems has a twelve month low of $17.05 and a twelve month high of $54.10. The firm has a market cap of $689.76 million, a price-to-earnings ratio of 37.42 and a beta of 2.11.

Aehr Test Systems (NASDAQ:AEHR) last released its earnings results on Thursday, October 5th. The semiconductor company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Aehr Test Systems had a return on equity of 26.53% and a net margin of 24.89%. The business had revenue of $20.62 million during the quarter, compared to analysts’ expectations of $21.80 million. Research analysts expect that Aehr Test Systems will post 0.97 EPS for the current year.

Aehr Test Systems Profile

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.