Apis Capital Advisors LLC Purchases New Shares in Aehr Test Systems (NASDAQ:AEHR)

Apis Capital Advisors LLC acquired a new position in Aehr Test Systems (NASDAQ:AEHR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 191,000 shares of the semiconductor company’s stock, valued at approximately $2,133,000. Aehr Test Systems makes up approximately 1.6% of Apis Capital Advisors LLC’s investment portfolio, making the stock its 21st biggest position. Apis Capital Advisors LLC owned 0.66% of Aehr Test Systems at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Congress Asset Management Co. MA bought a new position in shares of Aehr Test Systems during the fourth quarter worth approximately $23,229,000. Charles Schwab Investment Management Inc. grew its position in Aehr Test Systems by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 209,670 shares of the semiconductor company’s stock worth $5,563,000 after buying an additional 9,117 shares in the last quarter. General American Investors Co. Inc. bought a new position in Aehr Test Systems during the 4th quarter worth $2,640,000. Weiss Asset Management LP acquired a new position in Aehr Test Systems in the 4th quarter valued at $14,458,000. Finally, Baillie Gifford & Co. lifted its position in shares of Aehr Test Systems by 25.1% during the 1st quarter. Baillie Gifford & Co. now owns 828,626 shares of the semiconductor company’s stock valued at $10,275,000 after acquiring an additional 166,319 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

Aehr Test Systems Price Performance

NASDAQ AEHR opened at $12.31 on Monday. Aehr Test Systems has a fifty-two week low of $9.83 and a fifty-two week high of $48.28. The business has a fifty day moving average price of $14.98 and a two-hundred day moving average price of $13.21. The stock has a market capitalization of $355.94 million, a PE ratio of 23.67 and a beta of 2.05.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings data on Friday, July 19th. The semiconductor company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.70. Aehr Test Systems had a return on equity of 36.41% and a net margin of 50.07%. The business had revenue of $16.60 million for the quarter. During the same period last year, the business earned $0.21 earnings per share. As a group, sell-side analysts expect that Aehr Test Systems will post 0.25 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AEHR shares. Craig Hallum upgraded Aehr Test Systems from a “hold” rating to a “buy” rating and raised their price target for the stock from $12.00 to $25.00 in a research report on Wednesday, July 17th. StockNews.com lowered shares of Aehr Test Systems from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th.

Insider Activity

In related news, Director Howard T. Slayen acquired 20,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $15.50 per share, for a total transaction of $310,000.00. Following the transaction, the director now directly owns 220,714 shares in the company, valued at $3,421,067. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Fariba Danesh sold 10,000 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $18.59, for a total value of $185,900.00. Following the completion of the transaction, the director now directly owns 16,390 shares in the company, valued at approximately $304,690.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Howard T. Slayen acquired 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average cost of $15.50 per share, for a total transaction of $310,000.00. Following the acquisition, the director now owns 220,714 shares in the company, valued at $3,421,067. The disclosure for this purchase can be found here. 11.30% of the stock is currently owned by corporate insiders.

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.