Inspire Investing LLC trimmed its position in Aehr Test Systems (NASDAQ:AEHR – Free Report) by 23.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,158 shares of the semiconductor company’s stock after selling 7,590 shares during the quarter. Inspire Investing LLC owned about 0.08% of Aehr Test Systems worth $402,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its position in Aehr Test Systems by 7.5% in the second quarter. The Manufacturers Life Insurance Company now owns 11,045 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 769 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Aehr Test Systems in the 2nd quarter worth approximately $361,000. SG Americas Securities LLC bought a new position in shares of Aehr Test Systems during the 3rd quarter valued at approximately $130,000. Net Worth Advisory Group bought a new position in shares of Aehr Test Systems during the 3rd quarter valued at approximately $176,000. Finally, Riverwater Partners LLC purchased a new stake in Aehr Test Systems during the 3rd quarter valued at $217,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Aehr Test Systems to a “sell” rating in a report on Wednesday.
Aehr Test Systems Trading Down 0.6 %
AEHR opened at $12.41 on Friday. The company has a market capitalization of $368.70 million, a price-to-earnings ratio of 16.55 and a beta of 1.86. Aehr Test Systems has a 12-month low of $9.83 and a 12-month high of $21.44. The business’s fifty day simple moving average is $13.61 and its 200-day simple moving average is $14.09.
Aehr Test Systems (NASDAQ:AEHR – Get Free Report) last issued its earnings results on Monday, January 13th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). Aehr Test Systems had a return on equity of 21.09% and a net margin of 43.41%. On average, equities research analysts predict that Aehr Test Systems will post 0.1 EPS for the current year.
Aehr Test Systems Company 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.
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