Baillie Gifford & Co. Has $46.09 Million Holdings in Aehr Test Systems $AEHR

Baillie Gifford & Co. lessened its position in shares of Aehr Test Systems (NASDAQ:AEHR) by 23.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,530,676 shares of the semiconductor company’s stock after selling 458,737 shares during the period. Baillie Gifford & Co. owned 5.10% of Aehr Test Systems worth $46,089,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Kennedy Capital Management LLC acquired a new stake in Aehr Test Systems during the 2nd quarter worth about $5,751,000. Penbrook Management LLC boosted its position in shares of Aehr Test Systems by 205.1% during the 2nd 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 in the last quarter. Pier Capital LLC grew its stake in Aehr Test Systems by 16.0% during the second quarter. Pier Capital LLC now owns 405,932 shares of the semiconductor company’s stock worth $5,249,000 after purchasing an additional 55,861 shares during the period. Royal Bank of Canada increased its holdings in Aehr Test Systems by 262.7% in the first quarter. Royal Bank of Canada now owns 50,207 shares of the semiconductor company’s stock worth $365,000 after purchasing an additional 36,364 shares in the last quarter. Finally, ARS Investment Partners LLC acquired a new position in Aehr Test Systems in the second quarter valued at approximately $300,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Insider Buying and Selling at Aehr Test Systems

In related news, Director Howard T. Slayen sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $25.73, for a total value of $154,380.00. Following the transaction, the director owned 218,328 shares of the company’s stock, valued at approximately $5,617,579.44. This trade represents a 2.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.80% of the stock is owned by corporate insiders.

Aehr Test Systems Stock Down 9.3%

Shares of AEHR opened at $28.04 on Friday. The business’s fifty day moving average is $23.62 and its 200 day moving average is $23.59. Aehr Test Systems has a 12-month low of $6.27 and a 12-month high of $34.35. The stock has a market cap of $858.87 million, a P/E ratio of -93.46 and a beta of 2.33.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings data on Thursday, January 8th. The semiconductor company reported ($0.04) earnings per share for the quarter, topping 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 firm had revenue of $9.88 million for the quarter, compared to the consensus estimate of $11.45 million. On average, analysts expect that Aehr Test Systems will post 0.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AEHR. Lake Street Capital assumed coverage on Aehr Test Systems in a report on Wednesday, December 17th. They set a “buy” rating on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday. Craig Hallum restated a “hold” rating on shares of Aehr Test Systems in a report on Friday, January 9th. 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 investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $21.00.

Aehr Test Systems Company 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.