Baillie Gifford & Co. Grows Stock Position in Aehr Test Systems (NASDAQ:AEHR)

Baillie Gifford & Co. increased its holdings in Aehr Test Systems (NASDAQ:AEHR) by 8.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,806,849 shares of the semiconductor company’s stock after buying an additional 136,259 shares during the quarter. Baillie Gifford & Co. owned 6.10% of Aehr Test Systems worth $23,218,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Aehr Test Systems by 39.0% during the 1st quarter. Vanguard Group Inc. now owns 2,097,712 shares of the semiconductor company’s stock valued at $26,012,000 after acquiring an additional 588,953 shares during the period. Federated Hermes Inc. lifted its position in shares of Aehr Test Systems by 769.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,100,567 shares of the semiconductor company’s stock valued at $12,293,000 after buying an additional 974,028 shares in the last quarter. Rice Hall James & Associates LLC grew its stake in shares of 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 acquiring an additional 59,010 shares during the period. Pier Capital LLC increased its holdings in Aehr Test Systems by 158.4% in the 2nd quarter. Pier Capital LLC now owns 308,933 shares of the semiconductor company’s stock worth $3,451,000 after acquiring an additional 189,369 shares in the last quarter. Finally, Apis Capital Advisors LLC bought a new stake in Aehr Test Systems during the 2nd quarter worth approximately $2,133,000. 69.69% of the stock is currently owned by institutional investors.

Aehr Test Systems Stock Down 4.4 %

Shares of AEHR stock opened at $12.00 on Wednesday. The company’s fifty day simple moving average is $13.48 and its two-hundred day simple moving average is $13.45. Aehr Test Systems has a 52 week low of $9.83 and a 52 week high of $30.50. The stock has a market cap of $355.57 million, a P/E ratio of 12.24 and a beta of 2.03.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on AEHR. StockNews.com downgraded shares of Aehr Test Systems from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th. Craig Hallum raised Aehr Test Systems from a “hold” rating to a “buy” rating and lifted their target price for the company from $12.00 to $25.00 in a research note 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.