11,224 Shares in Aehr Test Systems (NASDAQ:AEHR) Acquired by HighTower Advisors LLC

HighTower Advisors LLC bought a new position in Aehr Test Systems (NASDAQ:AEHR) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 11,224 shares of the semiconductor company’s stock, valued at approximately $144,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its stake in Aehr Test Systems by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 101,957 shares of the semiconductor company’s stock worth $1,139,000 after purchasing an additional 6,896 shares during the period. Principal Financial Group Inc. purchased a new position in shares of Aehr Test Systems in the second quarter worth approximately $758,000. nVerses Capital LLC bought a new position in shares of Aehr Test Systems during the 2nd quarter valued at approximately $25,000. Versor Investments LP purchased a new position in Aehr Test Systems during the second quarter valued at approximately $117,000. Finally, Rhumbline Advisers increased its stake in Aehr Test Systems by 3.8% in the 2nd quarter. Rhumbline Advisers now owns 39,333 shares of the semiconductor company’s stock worth $439,000 after buying an additional 1,438 shares in the last quarter. 69.69% of the stock is owned by institutional investors.

Aehr Test Systems Trading Up 7.7 %

Shares of NASDAQ AEHR opened at $15.13 on Thursday. The stock has a market capitalization of $448.32 million, a price-to-earnings ratio of 15.44 and a beta of 1.94. Aehr Test Systems has a 12-month low of $9.83 and a 12-month high of $30.00. The firm’s 50-day moving average price is $13.03 and its 200-day moving average price is $13.59.

Aehr Test Systems (NASDAQ:AEHR) last announced its earnings results on Thursday, October 10th. The semiconductor company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.05. The business had revenue of $13.12 million for the quarter, compared to the consensus estimate of $11.90 million. Aehr Test Systems had a net margin of 49.63% and a return on equity of 29.31%. On average, equities analysts predict that Aehr Test Systems will post 0.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Aehr Test Systems from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th.

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.