New Wave Wealth Advisors LLC Purchases New Holdings in Aehr Test Systems (NASDAQ:AEHR)

New Wave Wealth Advisors LLC acquired a new position in shares of Aehr Test Systems (NASDAQ:AEHR) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,700 shares of the semiconductor company’s stock, valued at approximately $28,000.

A number of other hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Aehr Test Systems by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 11,045 shares of the semiconductor company’s stock valued at $123,000 after acquiring an additional 769 shares during the period. Bouvel Investment Partners LLC lifted its position in Aehr Test Systems by 3.5% during the 3rd quarter. Bouvel Investment Partners LLC now owns 58,233 shares of the semiconductor company’s stock valued at $748,000 after purchasing an additional 1,981 shares during the period. Truvestments Capital LLC acquired a new stake in shares of Aehr Test Systems during the 3rd quarter worth approximately $36,000. Quarry LP bought a new stake in shares of Aehr Test Systems during the third quarter worth approximately $41,000. Finally, SG Americas Securities LLC lifted its holdings in Aehr Test Systems by 43.7% in the fourth quarter. SG Americas Securities LLC now owns 14,519 shares of the semiconductor company’s stock valued at $241,000 after buying an additional 4,412 shares during the period. 69.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Aehr Test Systems to a “sell” rating in a report on Wednesday, January 22nd.

Aehr Test Systems Trading Down 0.1 %

NASDAQ:AEHR opened at $11.33 on Friday. Aehr Test Systems has a 1-year low of $9.83 and a 1-year high of $21.44. The firm has a market capitalization of $336.61 million, a price-to-earnings ratio of 15.11 and a beta of 1.86. The business’s 50-day moving average price is $13.61 and its two-hundred day moving average price is $13.98.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings results on Monday, January 13th. The semiconductor company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Aehr Test Systems had a net margin of 43.41% and a return on equity of 21.09%. Sell-side analysts predict that Aehr Test Systems will post 0.1 earnings per share for the current year.

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.