Bouvel Investment Partners LLC Acquires 1,981 Shares of Aehr Test Systems (NASDAQ:AEHR)

Bouvel Investment Partners LLC raised its stake in Aehr Test Systems (NASDAQ:AEHR) by 3.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 58,233 shares of the semiconductor company’s stock after buying an additional 1,981 shares during the quarter. Bouvel Investment Partners LLC owned about 0.20% of Aehr Test Systems worth $748,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its holdings in shares of Aehr Test Systems by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 11,045 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 769 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Aehr Test Systems by 6.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,018 shares of the semiconductor company’s stock valued at $199,000 after purchasing an additional 961 shares during the period. Rhumbline Advisers lifted its holdings in shares of Aehr Test Systems by 3.8% in the second quarter. Rhumbline Advisers now owns 39,333 shares of the semiconductor company’s stock valued at $439,000 after purchasing an additional 1,438 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Aehr Test Systems during the second quarter worth about $25,000. Finally, Inspire Investing LLC grew its holdings in shares of Aehr Test Systems by 10.8% during the second quarter. Inspire Investing LLC now owns 32,095 shares of the semiconductor company’s stock worth $359,000 after buying an additional 3,127 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AEHR. Craig Hallum raised Aehr Test Systems from a “hold” rating to a “buy” rating and upped their price target for the stock from $12.00 to $25.00 in a research report on Wednesday, July 17th. StockNews.com lowered shares of Aehr Test Systems from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th.

Aehr Test Systems Stock Performance

NASDAQ:AEHR opened at $11.73 on Thursday. Aehr Test Systems has a 52-week low of $9.83 and a 52-week high of $30.50. The company has a market cap of $347.56 million, a P/E ratio of 11.93 and a beta of 2.03. The stock’s 50-day simple moving average is $13.45 and its 200 day simple moving average is $13.45.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings results on Thursday, October 10th. The semiconductor company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.05. Aehr Test Systems had a return on equity of 29.31% and a net margin of 49.63%. The firm had revenue of $13.12 million for the quarter, compared to analyst estimates of $11.90 million. As a group, equities analysts predict 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.