Baillie Gifford & Co. Has $17.57 Million Holdings in Aehr Test Systems (NASDAQ:AEHR)

Baillie Gifford & Co. boosted its holdings in shares of Aehr Test Systems (NASDAQ:AEHR - Free Report) by 10,714.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 662,307 shares of the semiconductor company's stock after purchasing an additional 656,183 shares during the period. Baillie Gifford & Co. owned approximately 2.30% of Aehr Test Systems worth $17,571,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new stake in shares of Aehr Test Systems in the 4th quarter worth $34,000. IFP Advisors Inc lifted its stake in shares of Aehr Test Systems by 141.3% in the 3rd quarter. IFP Advisors Inc now owns 823 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 482 shares during the period. Deutsche Bank AG acquired a new stake in shares of Aehr Test Systems in the 1st quarter worth $40,000. PNC Financial Services Group Inc. lifted its stake in shares of Aehr Test Systems by 93.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,158 shares of the semiconductor company's stock worth $48,000 after acquiring an additional 558 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Aehr Test Systems by 1,027.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,578 shares of the semiconductor company's stock worth $49,000 after acquiring an additional 1,438 shares during the period. Institutional investors and hedge funds own 69.69% of the company's stock.

Insider Activity at Aehr Test Systems

In related news, CEO Gayn Erickson sold 4,871 shares of the business's stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $17.39, for a total value of $84,706.69. Following the completion of the sale, the chief executive officer now directly owns 427,935 shares in the company, valued at $7,441,789.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Aehr Test Systems news, CEO Gayn Erickson sold 4,871 shares of the business's stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $17.39, for a total transaction of $84,706.69. Following the completion of the sale, the chief executive officer now directly owns 427,935 shares in the company, valued at $7,441,789.65. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Avijit K. Ray-Chaudhuri acquired 3,000 shares of the firm's stock in a transaction on Friday, January 12th. The shares were acquired at an average price of $17.87 per share, with a total value of $53,610.00. Following the completion of the purchase, the vice president now owns 9,719 shares of the company's stock, valued at $173,678.53. The disclosure for this purchase can be found here. Over the last three months, insiders sold 8,738 shares of company stock worth $151,723. 6.30% of the stock is owned by company insiders.

Aehr Test Systems Trading Up 2.6 %

Shares of NASDAQ AEHR traded up $0.30 during midday trading on Thursday, reaching $11.83. 1,115,977 shares of the stock were exchanged, compared to its average volume of 1,655,360. The company has a market capitalization of $341.30 million, a P/E ratio of 16.66 and a beta of 1.97. Aehr Test Systems has a 52-week low of $10.53 and a 52-week high of $54.10. The stock has a 50 day moving average price of $15.03 and a 200-day moving average price of $23.08.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last issued its quarterly earnings results on Tuesday, January 9th. The semiconductor company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.04. The business had revenue of $21.43 million during the quarter, compared to the consensus estimate of $20.10 million. Aehr Test Systems had a net margin of 25.76% and a return on equity of 26.97%. On average, analysts forecast that Aehr Test Systems will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on AEHR. Craig Hallum reiterated a "hold" rating and issued a $12.00 price objective on shares of Aehr Test Systems in a research note on Tuesday, March 26th. William Blair reiterated a "market perform" rating on shares of Aehr Test Systems in a research note on Monday, March 25th. Finally, StockNews.com cut shares of Aehr Test Systems from a "hold" rating to a "sell" rating in a research note on Thursday.

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.