New Wave Wealth Advisors LLC Makes New $28,000 Investment in Aehr Test Systems (NASDAQ:AEHR)

New Wave Wealth Advisors LLC acquired a new stake in Aehr Test Systems (NASDAQ:AEHR) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,700 shares of the semiconductor company’s stock, valued at approximately $28,000.

A number of other hedge funds also recently made changes to their positions in AEHR. FMR LLC increased its stake in Aehr Test Systems by 1,535.8% in the third quarter. FMR LLC now owns 2,619,108 shares of the semiconductor company’s stock valued at $33,656,000 after acquiring an additional 2,458,993 shares during the period. Baillie Gifford & Co. grew its stake in shares of Aehr Test Systems by 8.2% in the 3rd quarter. Baillie Gifford & Co. now owns 1,806,849 shares of the semiconductor company’s stock valued at $23,218,000 after purchasing an additional 136,259 shares during the period. Pier Capital LLC grew its stake in shares of Aehr Test Systems by 33.4% in the 3rd quarter. Pier Capital LLC now owns 412,077 shares of the semiconductor company’s stock valued at $5,295,000 after purchasing an additional 103,144 shares during the period. Annex Advisory Services LLC acquired a new position in shares of Aehr Test Systems in the 4th quarter worth approximately $1,303,000. Finally, Rice Hall James & Associates LLC lifted its position in shares of Aehr Test Systems by 17.4% during the 3rd quarter. Rice Hall James & Associates LLC now owns 398,766 shares of the semiconductor company’s stock worth $5,124,000 after buying an additional 59,010 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Aehr Test Systems to a “sell” rating in a research note on Wednesday, January 22nd.

Aehr Test Systems Stock Down 0.1 %

NASDAQ:AEHR opened at $11.33 on Friday. The firm has a market cap of $336.61 million, a PE ratio of 15.11 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 company’s 50-day moving average price is $13.61 and its two-hundred day moving average price is $13.98.

Aehr Test Systems (NASDAQ:AEHR) last announced its earnings results on Monday, January 13th. The semiconductor company reported ($0.01) 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, research analysts expect that Aehr Test Systems will post 0.1 EPS for the current fiscal 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.