Aehr Test Systems (NASDAQ:AEHR) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its holdings in Aehr Test Systems (NASDAQ:AEHR) by 31.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,793 shares of the semiconductor company’s stock after selling 21,066 shares during the quarter. Principal Financial Group Inc.’s holdings in Aehr Test Systems were worth $601,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AEHR. nVerses Capital LLC purchased a new position in Aehr Test Systems during the second quarter worth $25,000. Quest Partners LLC purchased a new position in Aehr Test Systems during the second quarter worth $47,000. US Bancorp DE purchased a new position in Aehr Test Systems during the third quarter worth $77,000. B. Riley Wealth Advisors Inc. purchased a new position in Aehr Test Systems during the first quarter worth $109,000. Finally, SG Americas Securities LLC purchased a new position in Aehr Test Systems during the third quarter worth $130,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Aehr Test Systems Trading Up 3.9 %

Shares of NASDAQ AEHR opened at $12.16 on Monday. The stock has a 50 day simple moving average of $13.16 and a 200-day simple moving average of $13.42. The company has a market cap of $360.30 million, a PE ratio of 12.41 and a beta of 2.03. Aehr Test Systems has a 12-month low of $9.83 and a 12-month high of $30.50.

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

Aehr Test Systems Profile

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.