California State Teachers Retirement System Has $347,000 Stock Holdings in Aehr Test Systems (NASDAQ:AEHR)

California State Teachers Retirement System lessened its position in shares of Aehr Test Systems (NASDAQ:AEHR) by 3.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,951 shares of the semiconductor company’s stock after selling 985 shares during the period. California State Teachers Retirement System owned approximately 0.10% of Aehr Test Systems worth $347,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in Aehr Test Systems by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 209,670 shares of the semiconductor company’s stock worth $5,563,000 after buying an additional 9,117 shares in the last quarter. Congress Asset Management Co. MA bought a new stake in Aehr Test Systems during the fourth quarter worth $23,229,000. General American Investors Co. Inc. acquired a new stake in shares of Aehr Test Systems in the 4th quarter valued at $2,640,000. Weiss Asset Management LP bought a new stake in shares of Aehr Test Systems during the 4th quarter valued at approximately $14,458,000. Finally, Baillie Gifford & Co. grew its holdings in shares of Aehr Test Systems by 25.1% during the 1st quarter. Baillie Gifford & Co. now owns 828,626 shares of the semiconductor company’s stock valued at $10,275,000 after purchasing an additional 166,319 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Aehr Test Systems news, Director Fariba Danesh sold 10,000 shares of Aehr Test Systems stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $18.59, for a total transaction of $185,900.00. Following the transaction, the director now owns 16,390 shares of the company’s stock, valued at approximately $304,690.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Fariba Danesh sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $18.59, for a total transaction of $185,900.00. Following the completion of the sale, the director now directly owns 16,390 shares of the company’s stock, valued at $304,690.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Howard T. Slayen purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average price of $15.50 per share, for a total transaction of $310,000.00. Following the completion of the acquisition, the director now directly owns 220,714 shares of the company’s stock, valued at approximately $3,421,067. The disclosure for this purchase can be found here. 11.30% of the stock is currently owned by insiders.

Aehr Test Systems Price Performance

AEHR opened at $14.68 on Monday. Aehr Test Systems has a fifty-two week low of $9.83 and a fifty-two week high of $53.06. The firm has a market capitalization of $424.47 million, a PE ratio of 28.23 and a beta of 2.07. The company’s 50-day moving average is $14.26 and its 200 day moving average is $13.73.

Aehr Test Systems (NASDAQ:AEHR) last posted its earnings results on Friday, July 19th. The semiconductor company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.70. Aehr Test Systems had a return on equity of 36.41% and a net margin of 50.07%. The company had revenue of $16.60 million for the quarter. During the same quarter in the prior year, the business earned $0.21 EPS. As a group, analysts expect that Aehr Test Systems will post 0.25 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on AEHR shares. Craig Hallum upgraded shares of Aehr Test Systems from a “hold” rating to a “buy” rating and raised their target price for the company from $12.00 to $25.00 in a research report on Wednesday, July 17th. StockNews.com upgraded Aehr Test Systems from a “sell” rating to a “hold” rating in a research report on Monday, August 12th.

About Aehr Test Systems

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.