Pier Capital LLC Has $5.30 Million Stake in Aehr Test Systems (NASDAQ:AEHR)

Pier Capital LLC grew its holdings in shares of Aehr Test Systems (NASDAQ:AEHR) by 33.4% in the third quarter, HoldingsChannel.com reports. The fund owned 412,077 shares of the semiconductor company’s stock after acquiring an additional 103,144 shares during the quarter. Pier Capital LLC’s holdings in Aehr Test Systems were worth $5,295,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC boosted its position in shares of Aehr Test Systems by 1,535.8% during the 3rd quarter. FMR LLC now owns 2,619,108 shares of the semiconductor company’s stock valued at $33,656,000 after purchasing an additional 2,458,993 shares in the last quarter. Vanguard Group Inc. increased its holdings in Aehr Test Systems by 39.0% in 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 in the last quarter. Baillie Gifford & Co. lifted its stake in Aehr Test Systems by 8.2% in the third 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. Federated Hermes Inc. boosted its holdings 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 worth $12,293,000 after buying an additional 974,028 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Aehr Test Systems by 1.6% during the 3rd quarter. State Street Corp now owns 571,860 shares of the semiconductor company’s stock worth $7,348,000 after buying an additional 8,840 shares in the last quarter. 69.69% of the stock is owned by institutional investors.

Aehr Test Systems Trading Up 4.7 %

Shares of NASDAQ AEHR opened at $11.70 on Friday. The firm’s 50-day moving average price is $13.05 and its 200-day moving average price is $13.46. The firm has a market capitalization of $346.67 million, a P/E ratio of 11.94 and a beta of 1.94. Aehr Test Systems has a 1-year low of $9.83 and a 1-year high of $30.50.

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 analysts’ consensus estimates 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 business had revenue of $13.12 million for the quarter, compared to the consensus estimate of $11.90 million. Equities research analysts forecast that Aehr Test Systems will post 0.22 EPS for the current year.

Analyst Ratings Changes

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

Aehr Test Systems Company 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.