Aehr Test Systems (NASDAQ:AEHR) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in Aehr Test Systems (NASDAQ:AEHR) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 226,336 shares of the semiconductor company’s stock after acquiring an additional 8,646 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Aehr Test Systems were worth $2,908,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of AEHR. Rice Hall James & Associates LLC lifted its stake in shares of Aehr Test Systems by 17.4% during the third quarter. Rice Hall James & Associates LLC now owns 398,766 shares of the semiconductor company’s stock worth $5,124,000 after buying an additional 59,010 shares during the period. Baillie Gifford & Co. lifted its position in Aehr Test Systems by 8.2% during the third quarter. Baillie Gifford & Co. now owns 1,806,849 shares of the semiconductor company’s stock valued at $23,218,000 after purchasing an additional 136,259 shares during the period. Apis Capital Advisors LLC acquired a new position in Aehr Test Systems during the second quarter valued at $2,133,000. Principal Financial Group Inc. acquired a new position in Aehr Test Systems during the second quarter valued at $758,000. Finally, Federated Hermes Inc. lifted its position in 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 valued at $12,293,000 after purchasing an additional 974,028 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Aehr Test Systems Stock Performance

AEHR opened at $11.53 on Monday. Aehr Test Systems has a fifty-two week low of $9.83 and a fifty-two week high of $30.50. The company has a fifty day moving average of $13.00 and a two-hundred day moving average of $13.47. The stock has a market capitalization of $341.63 million, a price-to-earnings ratio of 11.77 and a beta of 1.94.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings data on Thursday, October 10th. The semiconductor company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $13.12 million during the quarter, compared to analysts’ expectations of $11.90 million. On average, equities research analysts forecast that Aehr Test Systems will post 0.22 earnings per share for the current 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.