Quest Partners LLC Has $165,000 Stock Position in Aehr Test Systems (NASDAQ:AEHR)

Quest Partners LLC grew its position in Aehr Test Systems (NASDAQ:AEHR) by 203.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 12,815 shares of the semiconductor company’s stock after buying an additional 8,585 shares during the period. Quest Partners LLC’s holdings in Aehr Test Systems were worth $165,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rice Hall James & Associates LLC increased its stake in shares of Aehr Test Systems by 17.4% in 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 buying an additional 59,010 shares during the period. Baillie Gifford & Co. increased its stake 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 valued at $23,218,000 after buying an additional 136,259 shares during the period. Apis Capital Advisors LLC acquired a new stake in shares of Aehr Test Systems in the 2nd quarter valued at $2,133,000. 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 worth $26,012,000 after purchasing an additional 588,953 shares during the period. Finally, Principal Financial Group Inc. acquired a new stake in shares of Aehr Test Systems during the second quarter worth $758,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Aehr Test Systems from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th.

Aehr Test Systems Stock Down 1.4 %

Shares of Aehr Test Systems stock opened at $11.73 on Thursday. Aehr Test Systems has a 12 month low of $9.83 and a 12 month high of $30.50. The business has a fifty day simple moving average of $13.15 and a 200 day simple moving average of $13.44. The stock has a market cap of $347.56 million, a PE ratio of 11.97 and a beta of 2.03.

Aehr Test Systems (NASDAQ:AEHR) last posted its 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. The firm had revenue of $13.12 million for the quarter, compared to analyst estimates of $11.90 million. Aehr Test Systems had a return on equity of 29.31% and a net margin of 49.63%. Analysts expect that Aehr Test Systems will post 0.22 EPS 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.