Fortitude Advisory Group L.L.C. Acquires Shares of 22,291 Aehr Test Systems $AEHR

Fortitude Advisory Group L.L.C. acquired a new stake in shares of Aehr Test Systems (NASDAQ:AEHR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,291 shares of the semiconductor company’s stock, valued at approximately $671,000.

Other hedge funds also recently made changes to their positions in the company. ARS Investment Partners LLC bought a new stake in Aehr Test Systems in the 2nd quarter worth $300,000. Penbrook Management LLC raised its stake in shares of Aehr Test Systems by 205.1% during the second quarter. Penbrook Management LLC now owns 126,250 shares of the semiconductor company’s stock valued at $1,632,000 after acquiring an additional 84,875 shares during the last quarter. Bosun Asset Management LLC purchased a new stake in shares of Aehr Test Systems during the second quarter worth about $272,000. AlphaQuest LLC grew its stake in shares of Aehr Test Systems by 697.6% in the second quarter. AlphaQuest LLC now owns 20,156 shares of the semiconductor company’s stock worth $261,000 after purchasing an additional 17,629 shares during the last quarter. Finally, Pier Capital LLC grew its stake in shares of Aehr Test Systems by 16.0% in the second quarter. Pier Capital LLC now owns 405,932 shares of the semiconductor company’s stock worth $5,249,000 after purchasing an additional 55,861 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Aehr Test Systems

In other news, Director Laura Oliphant sold 4,546 shares of the stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $31.40, for a total value of $142,744.40. Following the sale, the director directly owned 18,432 shares of the company’s stock, valued at approximately $578,764.80. This represents a 19.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AEHR shares. Craig Hallum reaffirmed a “hold” rating on shares of Aehr Test Systems in a research report on Friday, January 9th. Lake Street Capital started coverage on Aehr Test Systems in a research note on Wednesday, December 17th. They set a “buy” rating on the stock. Zacks Research upgraded Aehr Test Systems from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Aehr Test Systems in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Aehr Test Systems presently has a consensus rating of “Hold” and a consensus price target of $21.00.

Aehr Test Systems Stock Performance

Shares of NASDAQ AEHR opened at $26.39 on Friday. The company has a 50 day simple moving average of $24.65 and a two-hundred day simple moving average of $24.33. Aehr Test Systems has a fifty-two week low of $6.27 and a fifty-two week high of $34.35. The company has a market capitalization of $808.33 million, a price-to-earnings ratio of -87.96 and a beta of 2.31.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings results on Thursday, January 8th. The semiconductor company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.04. Aehr Test Systems had a negative return on equity of 4.57% and a negative net margin of 16.63%.The company had revenue of $9.88 million for the quarter, compared to the consensus estimate of $11.45 million. On average, analysts forecast that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Aehr Test Systems Profile

Aehr Test Systems develops, manufactures and sells semiconductor test and burn-in equipment used by device manufacturers to ensure quality and reliability of integrated circuits. Its products are designed for wafer-level reliability assessment, functional test and stress screening of memory devices, system-on-chips, optical components and power semiconductors. By focusing on wafer-level burn-in and testing processes, the company helps reduce cost and improve yield for high-volume semiconductor production.

The company’s product portfolio includes FOX series wafer probe test and burn-in systems as well as ABTS burn-in ovens.