Aehr Test Systems $AEHR Holdings Lessened by Penn Capital Management Company LLC

Penn Capital Management Company LLC reduced its stake in Aehr Test Systems (NASDAQ:AEHR) by 12.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 132,194 shares of the semiconductor company’s stock after selling 18,353 shares during the period. Penn Capital Management Company LLC’s holdings in Aehr Test Systems were worth $13,190,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AEHR. GAMMA Investing LLC increased its stake in Aehr Test Systems by 13.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,799 shares of the semiconductor company’s stock worth $179,000 after acquiring an additional 216 shares during the period. Nisa Investment Advisors LLC raised its holdings in Aehr Test Systems by 8.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,925 shares of the semiconductor company’s stock valued at $291,000 after acquiring an additional 224 shares in the last quarter. Arizona State Retirement System raised its holdings in Aehr Test Systems by 3.2% in the 2nd quarter. Arizona State Retirement System now owns 8,245 shares of the semiconductor company’s stock valued at $792,000 after acquiring an additional 253 shares in the last quarter. Advocate Investing Services LLC acquired a new position in Aehr Test Systems in the 2nd quarter valued at $26,000. Finally, Nykredit A S bought a new stake in shares of Aehr Test Systems during the 2nd quarter valued at $28,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Aehr Test Systems Price Performance

Shares of NASDAQ:AEHR opened at $59.81 on Tuesday. The company’s 50 day simple moving average is $79.34 and its 200 day simple moving average is $74.64. Aehr Test Systems has a 1 year low of $18.70 and a 1 year high of $147.40.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings data on Monday, November 2nd. The semiconductor company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.11 by $0.17. Aehr Test Systems had a negative net margin of 14.25% and a negative return on equity of 3.83%. The business had revenue of $33.01 million during the quarter, compared to the consensus estimate of $27.53 million.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AEHR. Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Jefferies Financial Group decreased their price target on Aehr Test Systems from $175.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, November 3rd. Oppenheimer began coverage on Aehr Test Systems in a research report on Thursday, September 10th. They issued an “outperform” rating and a $120.00 price target on the stock. Lake Street Capital dropped their price target on Aehr Test Systems from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, November 3rd. Finally, Zacks Research cut shares of Aehr Test Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $118.75.

Insider Transactions at Aehr Test Systems

In other news, EVP Alberto Salamone sold 9,672 shares of Aehr Test Systems stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $127.72, for a total value of $1,235,307.84. Following the transaction, the executive vice president owned 41,962 shares in the company, valued at approximately $5,359,386.64. This trade represents a 18.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rhea Posedel sold 5,973 shares of Aehr Test Systems stock in a transaction on Friday, August 14th. The shares were sold at an average price of $140.00, for a total value of $836,220.00. Following the completion of the transaction, the director owned 381,989 shares in the company, valued at approximately $53,478,460. The trade was a 1.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 86,475 shares of company stock worth $11,350,750. 4.60% of the stock is owned by insiders.

Aehr Test Systems Company Profile