Truvestments Capital LLC Reduces Position in Aehr Test Systems (NASDAQ:AEHR)

Truvestments Capital LLC cut its holdings in shares of Aehr Test Systems (NASDAQ:AEHR) by 64.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 3,756 shares of the semiconductor company’s stock after selling 6,725 shares during the quarter. Truvestments Capital LLC’s holdings in Aehr Test Systems were worth $47,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. RiverPark Advisors LLC boosted its position in shares of Aehr Test Systems by 360.8% during the first quarter. RiverPark Advisors LLC now owns 2,069 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 1,620 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Aehr Test Systems in the fourth quarter valued at about $73,000. Kessler Investment Group LLC bought a new position in Aehr Test Systems in the fourth quarter valued at about $131,000. Gladstone Institutional Advisory LLC bought a new position in Aehr Test Systems in the fourth quarter valued at about $200,000. Finally, Aigen Investment Management LP lifted its holdings in Aehr Test Systems by 153.6% in the fourth quarter. Aigen Investment Management LP now owns 18,509 shares of the semiconductor company’s stock valued at $491,000 after acquiring an additional 11,210 shares during the period. 69.69% of the stock is owned by hedge funds and other institutional investors.

Aehr Test Systems Stock Performance

Shares of NASDAQ AEHR traded up $0.22 during trading on Friday, hitting $17.88. The company had a trading volume of 1,283,388 shares, compared to its average volume of 2,572,994. The stock has a 50 day simple moving average of $13.28 and a 200 day simple moving average of $13.93. Aehr Test Systems has a 12 month low of $9.83 and a 12 month high of $54.10. The firm has a market capitalization of $517.09 million, a P/E ratio of 34.39 and a beta of 2.07.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings data on Friday, July 19th. The semiconductor company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.11 by $0.70. Aehr Test Systems had a return on equity of 39.32% and a net margin of 50.07%. The firm had revenue of $16.60 million for the quarter. During the same period last year, the business earned $0.21 EPS. As a group, analysts predict that Aehr Test Systems will post 0.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. StockNews.com downgraded Aehr Test Systems from a “hold” rating to a “sell” rating in a report on Friday. Craig Hallum raised Aehr Test Systems from a “hold” rating to a “buy” rating and increased their target price for the company from $12.00 to $25.00 in a report on Wednesday, July 17th.

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.