Bouvel Investment Partners LLC Increases Stock Position in Aehr Test Systems (NASDAQ:AEHR)

Bouvel Investment Partners LLC grew its stake in shares of Aehr Test Systems (NASDAQ:AEHR) by 85.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,594 shares of the semiconductor company’s stock after acquiring an additional 25,227 shares during the quarter. Bouvel Investment Partners LLC owned about 0.19% of Aehr Test Systems worth $677,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AEHR. Charles Schwab Investment Management Inc. lifted its stake in shares of Aehr Test Systems by 183.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 200,553 shares of the semiconductor company’s stock worth $9,165,000 after purchasing an additional 129,890 shares during the period. UBS Group AG raised its stake in Aehr Test Systems by 1.4% during the 3rd quarter. UBS Group AG now owns 69,180 shares of the semiconductor company’s stock worth $3,162,000 after acquiring an additional 924 shares during the period. Deutsche Bank AG raised its stake in Aehr Test Systems by 12.9% during the 3rd quarter. Deutsche Bank AG now owns 13,863 shares of the semiconductor company’s stock worth $634,000 after acquiring an additional 1,588 shares during the period. Rhumbline Advisers raised its stake in Aehr Test Systems by 2.0% during the 3rd quarter. Rhumbline Advisers now owns 37,967 shares of the semiconductor company’s stock worth $1,735,000 after acquiring an additional 736 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Aehr Test Systems by 379.1% in the third quarter. Invesco Ltd. now owns 596,660 shares of the semiconductor company’s stock worth $27,267,000 after buying an additional 472,113 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AEHR. StockNews.com cut shares of Aehr Test Systems from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. William Blair reiterated a “market perform” rating on shares of Aehr Test Systems in a research report on Monday, March 25th. Finally, Craig Hallum reiterated a “hold” rating and set a $12.00 price objective on shares of Aehr Test Systems in a research report on Tuesday, March 26th.

Aehr Test Systems Price Performance

NASDAQ AEHR traded down $0.04 during trading on Friday, reaching $11.07. 139,059 shares of the company’s stock traded hands, compared to its average volume of 1,278,409. The firm has a market cap of $320.14 million, a price-to-earnings ratio of 21.37 and a beta of 2.01. The company’s 50 day simple moving average is $11.69 and its two-hundred day simple moving average is $15.65. Aehr Test Systems has a 12-month low of $9.83 and a 12-month high of $54.10.

Aehr Test Systems (NASDAQ:AEHR) last posted its earnings results on Tuesday, April 9th. The semiconductor company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $7.56 million for the quarter, compared to the consensus estimate of $7.60 million. Aehr Test Systems had a net margin of 21.43% and a return on equity of 18.70%. Research analysts expect that Aehr Test Systems will post 0.4 earnings per share for the current fiscal year.

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.