DnB Asset Management AS Invests $810,000 in Aehr Test Systems (NASDAQ:AEHR)

DnB Asset Management AS purchased a new position in shares of Aehr Test Systems (NASDAQ:AEHR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,686 shares of the semiconductor company's stock, valued at approximately $810,000. DnB Asset Management AS owned approximately 0.16% of Aehr Test Systems at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AEHR. FMR LLC increased its stake in Aehr Test Systems by 1,535.8% in the third quarter. FMR LLC now owns 2,619,108 shares of the semiconductor company's stock valued at $33,656,000 after acquiring an additional 2,458,993 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Aehr Test Systems in the 3rd quarter valued at $672,000. Charles Schwab Investment Management Inc. increased its stake in shares of Aehr Test Systems by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 226,336 shares of the semiconductor company's stock valued at $2,908,000 after purchasing an additional 8,646 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Aehr Test Systems by 89.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,709 shares of the semiconductor company's stock worth $305,000 after buying an additional 11,172 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Aehr Test Systems by 27.3% during the 3rd quarter. Barclays PLC now owns 140,525 shares of the semiconductor company's stock worth $1,807,000 after buying an additional 30,119 shares during the last quarter. Institutional investors own 69.69% of the company's stock.

Aehr Test Systems Trading Down 0.6 %

Aehr Test Systems stock traded down $0.04 during mid-day trading on Monday, reaching $7.22. The company had a trading volume of 1,516,098 shares, compared to its average volume of 1,197,490. The business has a fifty day simple moving average of $9.64 and a 200 day simple moving average of $12.15. The company has a market cap of $214.52 million, a P/E ratio of 9.63 and a beta of 2.00. Aehr Test Systems has a fifty-two week low of $6.27 and a fifty-two week high of $21.44.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last issued its quarterly earnings data 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 return on equity of 21.09% and a net margin of 43.41%. Research analysts forecast that Aehr Test Systems will post 0.1 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Aehr Test Systems to a "sell" rating in a research note on Wednesday, January 22nd.

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.