Essex Investment Management Co. LLC Invests $1.02 Million in Aehr Test Systems $AEHR

Essex Investment Management Co. LLC purchased a new stake in shares of Aehr Test Systems (NASDAQ:AEHR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,005 shares of the semiconductor company’s stock, valued at approximately $1,024,000. Essex Investment Management Co. LLC owned approximately 0.11% of Aehr Test Systems as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AEHR. Jones Financial Companies Lllp boosted its stake in Aehr Test Systems by 3,448.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 1,000 shares during the last quarter. State of Wyoming purchased a new position in shares of Aehr Test Systems in the second quarter worth $28,000. CWM LLC lifted its holdings in shares of Aehr Test Systems by 15.1% during the second quarter. CWM LLC now owns 6,062 shares of the semiconductor company’s stock valued at $78,000 after purchasing an additional 793 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Aehr Test Systems by 110.8% during the second quarter. Legal & General Group Plc now owns 6,882 shares of the semiconductor company’s stock valued at $89,000 after buying an additional 3,617 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Aehr Test Systems during the third quarter valued at $214,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Aehr Test Systems Trading Down 2.8%

AEHR opened at $26.83 on Wednesday. The company’s 50 day moving average is $24.84 and its 200 day moving average is $24.45. The company has a market cap of $821.80 million, a price-to-earnings ratio of -89.43 and a beta of 2.31. Aehr Test Systems has a 12-month low of $6.27 and a 12-month high of $34.35.

Aehr Test Systems (NASDAQ:AEHR) last announced its earnings results on Thursday, January 8th. The semiconductor company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. The business had revenue of $9.88 million during the quarter, compared to analysts’ expectations of $11.45 million. Aehr Test Systems had a negative net margin of 16.63% and a negative return on equity of 4.57%. As a group, analysts predict that Aehr Test Systems will post 0.1 EPS for the current fiscal year.

Analyst Ratings Changes

AEHR has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Aehr Test Systems in a research note on Wednesday, January 21st. Lake Street Capital began coverage on shares of Aehr Test Systems in a research report on Wednesday, December 17th. They set a “buy” rating on the stock. Finally, Craig Hallum restated a “hold” rating on shares of Aehr Test Systems in a report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Aehr Test Systems has a consensus rating of “Hold” and an average price target of $21.00.

Insider Activity at Aehr Test Systems

In related news, Director Laura Oliphant sold 4,546 shares of the firm’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $31.40, for a total value of $142,744.40. Following the transaction, the director directly owned 18,432 shares of the company’s stock, valued at approximately $578,764.80. This trade represents a 19.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is owned by company insiders.

About Aehr Test Systems

Aehr Test Systems develops, manufactures and sells semiconductor test and burn-in equipment used by device manufacturers to ensure quality and reliability of integrated circuits. Its products are designed for wafer-level reliability assessment, functional test and stress screening of memory devices, system-on-chips, optical components and power semiconductors. By focusing on wafer-level burn-in and testing processes, the company helps reduce cost and improve yield for high-volume semiconductor production.

The company’s product portfolio includes FOX series wafer probe test and burn-in systems as well as ABTS burn-in ovens.