Quest Partners LLC Acquires 8,585 Shares of Aehr Test Systems (NASDAQ:AEHR)

Quest Partners LLC boosted its holdings in shares of Aehr Test Systems (NASDAQ:AEHR) by 203.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,815 shares of the semiconductor company’s stock after purchasing an additional 8,585 shares during the quarter. Quest Partners LLC’s holdings in Aehr Test Systems were worth $165,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Rice Hall James & Associates LLC boosted its stake in Aehr Test Systems by 17.4% during the 3rd quarter. Rice Hall James & Associates LLC now owns 398,766 shares of the semiconductor company’s stock valued at $5,124,000 after purchasing an additional 59,010 shares during the period. Baillie Gifford & Co. lifted 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 acquiring an additional 136,259 shares during the period. Apis Capital Advisors LLC bought a new stake in shares of Aehr Test Systems in the 2nd quarter worth approximately $2,133,000. Vanguard Group Inc. lifted its position in shares of Aehr Test Systems by 39.0% in the 1st quarter. Vanguard Group Inc. now owns 2,097,712 shares of the semiconductor company’s stock worth $26,012,000 after acquiring an additional 588,953 shares during the period. Finally, Principal Financial Group Inc. bought a new stake in shares of Aehr Test Systems in the 2nd quarter worth approximately $758,000. Institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Price Performance

Aehr Test Systems stock opened at $11.73 on Thursday. The company has a market capitalization of $347.56 million, a PE ratio of 11.97 and a beta of 2.03. Aehr Test Systems has a one year low of $9.83 and a one year high of $30.50. The business has a 50 day simple moving average of $13.15 and a 200 day simple moving average of $13.44.

Aehr Test Systems (NASDAQ:AEHR) last posted its earnings results on Thursday, October 10th. The semiconductor company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. The business had revenue of $13.12 million during the quarter, compared to the consensus estimate of $11.90 million. Aehr Test Systems had a return on equity of 29.31% and a net margin of 49.63%. Equities analysts anticipate that Aehr Test Systems will post 0.22 earnings per share 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 report on Saturday, October 5th.

Aehr Test Systems Company 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.