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

Bouvel Investment Partners LLC increased its stake in shares of Aehr Test Systems (NASDAQ:AEHR) by 3.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 58,233 shares of the semiconductor company’s stock after acquiring an additional 1,981 shares during the quarter. Bouvel Investment Partners LLC’s holdings in Aehr Test Systems were worth $748,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Federated Hermes Inc. boosted its holdings in shares of Aehr Test Systems by 769.7% during the second quarter. Federated Hermes Inc. now owns 1,100,567 shares of the semiconductor company’s stock worth $12,293,000 after acquiring an additional 974,028 shares during the period. Baillie Gifford & Co. boosted its stake in Aehr Test Systems by 101.6% in the 2nd quarter. Baillie Gifford & Co. now owns 1,670,590 shares of the semiconductor company’s stock valued at $18,660,000 after purchasing an additional 841,964 shares during the period. Vanguard Group Inc. grew its holdings in Aehr Test Systems by 39.0% in the 1st quarter. Vanguard Group Inc. now owns 2,097,712 shares of the semiconductor company’s stock valued at $26,012,000 after buying an additional 588,953 shares in the last quarter. Rice Hall James & Associates LLC increased its position in Aehr Test Systems by 339.6% during the 2nd quarter. Rice Hall James & Associates LLC now owns 339,756 shares of the semiconductor company’s stock worth $3,795,000 after buying an additional 262,469 shares during the period. Finally, Apis Capital Advisors LLC acquired a new stake in shares of Aehr Test Systems during the second quarter worth $2,133,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on AEHR shares. Craig Hallum upgraded shares of Aehr Test Systems from a “hold” rating to a “buy” rating and upped their price target for the company from $12.00 to $25.00 in a research note on Wednesday, July 17th. StockNews.com cut shares of Aehr Test Systems from a “hold” rating to a “sell” rating in a report on Saturday, October 5th.

Aehr Test Systems Stock Performance

NASDAQ:AEHR opened at $11.73 on Thursday. The company has a market cap of $347.56 million, a price-to-earnings ratio of 11.93 and a beta of 2.03. Aehr Test Systems has a fifty-two week low of $9.83 and a fifty-two week high of $30.50. The stock has a fifty day moving average price of $13.45 and a 200-day moving average price of $13.45.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings data 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 net margin of 49.63% and a return on equity of 29.31%. The business had revenue of $13.12 million during the quarter, compared to analysts’ expectations of $11.90 million. Research analysts predict that Aehr Test Systems will post 0.22 EPS for the current fiscal year.

About Aehr Test Systems

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.