AlphaQuest LLC Boosts Stake in Aehr Test Systems $AEHR

AlphaQuest LLC grew its holdings in shares of Aehr Test Systems (NASDAQ:AEHR) by 697.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,156 shares of the semiconductor company’s stock after acquiring an additional 17,629 shares during the period. AlphaQuest LLC owned about 0.07% of Aehr Test Systems worth $261,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AEHR. Penbrook Management LLC boosted its holdings in Aehr Test Systems by 205.1% in the second quarter. Penbrook Management LLC now owns 126,250 shares of the semiconductor company’s stock valued at $1,632,000 after purchasing an additional 84,875 shares during the last quarter. CWM LLC increased its holdings in Aehr Test Systems by 15.1% during the 2nd quarter. CWM LLC now owns 6,062 shares of the semiconductor company’s stock worth $78,000 after purchasing an additional 793 shares during the last quarter. Halter Ferguson Financial Inc. increased its holdings in Aehr Test Systems by 3.7% during the 2nd quarter. Halter Ferguson Financial Inc. now owns 439,714 shares of the semiconductor company’s stock worth $5,686,000 after purchasing an additional 15,541 shares during the last quarter. Inspire Investing LLC raised its position in shares of Aehr Test Systems by 99.3% in the 1st quarter. Inspire Investing LLC now owns 48,148 shares of the semiconductor company’s stock valued at $351,000 after purchasing an additional 23,990 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Aehr Test Systems by 5.7% during the 1st quarter. Rhumbline Advisers now owns 40,212 shares of the semiconductor company’s stock valued at $293,000 after buying an additional 2,165 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Insider Buying and Selling

In other Aehr Test Systems news, Director Fariba Danesh sold 9,000 shares of the firm’s stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $24.79, for a total transaction of $223,110.00. Following the transaction, the director owned 16,643 shares of the company’s stock, valued at approximately $412,579.97. This trade represents a 35.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AEHR. Zacks Research downgraded shares of Aehr Test Systems from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 9th. Craig Hallum downgraded shares of Aehr Test Systems from a “buy” rating to a “hold” rating and set a $24.00 price objective on the stock. in a research note on Tuesday, October 7th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Aehr Test Systems in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Sell” and an average target price of $24.00.

Aehr Test Systems Stock Performance

AEHR stock opened at $25.99 on Friday. The stock’s fifty day moving average is $27.39 and its two-hundred day moving average is $18.03. The stock has a market capitalization of $779.88 million, a price-to-earnings ratio of -118.14 and a beta of 2.47. Aehr Test Systems has a 1 year low of $6.27 and a 1 year high of $34.35.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings data on Monday, October 6th. The semiconductor company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $11.00 million for the quarter, compared to the consensus estimate of $13.69 million. Aehr Test Systems had a negative net margin of 11.71% and a negative return on equity of 2.41%. During the same period last year, the firm posted $0.07 EPS. As a group, analysts predict that Aehr Test Systems will post 0.1 EPS for the current fiscal 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.