Zurcher Kantonalbank Zurich Cantonalbank Decreases Stock Position in Aehr Test Systems (NASDAQ:AEHR)

Zurcher Kantonalbank Zurich Cantonalbank lessened its position in Aehr Test Systems (NASDAQ:AEHR) by 17.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,752 shares of the semiconductor company’s stock after selling 1,036 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Aehr Test Systems were worth $126,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AEHR. Bank of New York Mellon Corp lifted its position in shares of Aehr Test Systems by 96.8% in the third quarter. Bank of New York Mellon Corp now owns 192,470 shares of the semiconductor company’s stock valued at $8,796,000 after acquiring an additional 94,657 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Aehr Test Systems by 26,131.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 165,522 shares of the semiconductor company’s stock valued at $7,564,000 after purchasing an additional 164,891 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Aehr Test Systems in the third quarter valued at approximately $209,000. Csenge Advisory Group acquired a new stake in shares of Aehr Test Systems in the third quarter valued at approximately $234,000. Finally, Lisanti Capital Growth LLC increased its holdings in shares of Aehr Test Systems by 15.4% in the third quarter. Lisanti Capital Growth LLC now owns 123,325 shares of the semiconductor company’s stock valued at $5,636,000 after purchasing an additional 16,495 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Stock Up 1.7 %

AEHR stock opened at $11.44 on Friday. The business has a fifty day moving average of $12.86 and a two-hundred day moving average of $18.96. The stock has a market cap of $330.79 million, a price-to-earnings ratio of 22.00 and a beta of 1.97. Aehr Test Systems has a 52-week low of $10.19 and a 52-week high of $54.10.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Craig Hallum reaffirmed a “hold” rating and issued a $12.00 price target on shares of Aehr Test Systems in a report on Tuesday, March 26th. StockNews.com cut Aehr Test Systems from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Finally, William Blair reaffirmed a “market perform” rating on shares of Aehr Test Systems in a report on Monday, March 25th.

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.