Truvestments Capital LLC Makes New $36,000 Investment in Aehr Test Systems (NASDAQ:AEHR)

Truvestments Capital LLC bought a new stake in Aehr Test Systems (NASDAQ:AEHR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,787 shares of the semiconductor company’s stock, valued at approximately $36,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in shares of Aehr Test Systems during the 2nd quarter worth $25,000. Quest Partners LLC bought a new position in shares of Aehr Test Systems in the second quarter worth about $47,000. US Bancorp DE acquired a new stake in shares of Aehr Test Systems in the 3rd quarter valued at approximately $77,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Aehr Test Systems during the 1st quarter valued at approximately $109,000. Finally, Montanaro Asset Management Ltd bought a new stake in shares of Aehr Test Systems during the 3rd quarter valued at approximately $112,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Aehr Test Systems Stock Down 1.4 %

Shares of AEHR opened at $11.73 on Thursday. The business has a 50-day simple moving average of $13.15 and a two-hundred day simple moving average of $13.44. Aehr Test Systems has a 12-month low of $9.83 and a 12-month high of $30.50. The stock has a market cap of $347.56 million, a PE ratio of 11.97 and a beta of 2.03.

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

Wall Street Analyst Weigh In

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

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.