Principal Financial Group Inc. Decreases Holdings in Aehr Test Systems (NASDAQ:AEHR)

Principal Financial Group Inc. lessened its stake in Aehr Test Systems (NASDAQ:AEHR) by 31.0% in the third quarter, HoldingsChannel reports. The fund owned 46,793 shares of the semiconductor company’s stock after selling 21,066 shares during the period. Principal Financial Group Inc.’s holdings in Aehr Test Systems were worth $601,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its position in shares of 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 position 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 worth $23,218,000 after buying an additional 136,259 shares during the last quarter. Federated Hermes Inc. grew its position in shares of Aehr Test Systems by 769.7% in the 2nd quarter. Federated Hermes Inc. now owns 1,100,567 shares of the semiconductor company’s stock worth $12,293,000 after buying an additional 974,028 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Aehr Test Systems by 3.0% during the third quarter. Geode Capital Management LLC now owns 639,149 shares of the semiconductor company’s stock valued at $8,215,000 after buying an additional 18,521 shares during the period. Finally, State Street Corp increased its position in Aehr Test Systems by 1.6% during the 3rd quarter. State Street Corp now owns 571,860 shares of the semiconductor company’s stock valued at $7,348,000 after purchasing an additional 8,840 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Price Performance

NASDAQ:AEHR opened at $17.27 on Monday. The company has a market capitalization of $511.73 million, a PE ratio of 17.62 and a beta of 1.86. Aehr Test Systems has a 1-year low of $9.83 and a 1-year high of $23.45. The firm’s 50-day moving average price is $13.18 and its 200-day moving average price is $13.77.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings results on Thursday, October 10th. The semiconductor company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. Aehr Test Systems had a return on equity of 29.31% and a net margin of 49.63%. The firm had revenue of $13.12 million for the quarter, compared to analysts’ expectations of $11.90 million. Equities analysts anticipate that Aehr Test Systems will post 0.22 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Aehr Test Systems from a “hold” rating to a “sell” rating in a research report 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.