GSA Capital Partners LLP Sells 94,823 Shares of Aehr Test Systems (NASDAQ:AEHR)

GSA Capital Partners LLP reduced its stake in shares of Aehr Test Systems (NASDAQ:AEHR) by 40.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,861 shares of the semiconductor company’s stock after selling 94,823 shares during the quarter. GSA Capital Partners LLP owned about 0.47% of Aehr Test Systems worth $1,772,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Aehr Test Systems by 39.0% during the first quarter. Vanguard Group Inc. now owns 2,097,712 shares of the semiconductor company’s stock valued at $26,012,000 after purchasing an additional 588,953 shares during the last quarter. Baillie Gifford & Co. boosted its stake in Aehr Test Systems by 101.6% in the second quarter. Baillie Gifford & Co. now owns 1,670,590 shares of the semiconductor company’s stock valued at $18,660,000 after acquiring an additional 841,964 shares during the last quarter. Federated Hermes Inc. boosted its stake in Aehr Test Systems by 769.7% in the second quarter. Federated Hermes Inc. now owns 1,100,567 shares of the semiconductor company’s stock valued at $12,293,000 after acquiring an additional 974,028 shares during the last quarter. Rice Hall James & Associates LLC boosted its stake in Aehr Test Systems by 17.4% in the third quarter. Rice Hall James & Associates LLC now owns 398,766 shares of the semiconductor company’s stock valued at $5,124,000 after acquiring an additional 59,010 shares during the last quarter. Finally, Pier Capital LLC boosted its stake in Aehr Test Systems by 158.4% in the second quarter. Pier Capital LLC now owns 308,933 shares of the semiconductor company’s stock valued at $3,451,000 after acquiring an additional 189,369 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Craig Hallum raised shares of Aehr Test Systems from a “hold” rating to a “buy” rating and raised their price objective for the company from $12.00 to $25.00 in a research note on Wednesday, July 17th. StockNews.com cut shares of Aehr Test Systems from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th.

Aehr Test Systems Stock Down 4.4 %

Shares of NASDAQ AEHR opened at $12.00 on Wednesday. The company’s fifty day moving average is $13.48 and its 200-day moving average is $13.45. The stock has a market cap of $355.57 million, a price-to-earnings ratio of 12.24 and a beta of 2.03. Aehr Test Systems has a twelve month low of $9.83 and a twelve month high of $30.50.

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

About Aehr Test Systems

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.