Rice Hall James & Associates LLC Reduces Position in Aehr Test Systems $AEHR

Rice Hall James & Associates LLC reduced its position in shares of Aehr Test Systems (NASDAQ:AEHR) by 40.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 272,252 shares of the semiconductor company’s stock after selling 181,316 shares during the period. Rice Hall James & Associates LLC’s holdings in Aehr Test Systems were worth $10,095,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AEHR. Millennium Management LLC increased its holdings in Aehr Test Systems by 0.8% in the fourth quarter. Millennium Management LLC now owns 59,219 shares of the semiconductor company’s stock valued at $1,196,000 after buying an additional 492 shares during the last quarter. KBC Group NV purchased a new stake in Aehr Test Systems during the 1st quarter worth about $30,000. Sunbelt Securities Inc. purchased a new stake in Aehr Test Systems during the 3rd quarter worth about $27,000. JPMorgan Chase & Co. boosted its position in shares of Aehr Test Systems by 7.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 15,576 shares of the semiconductor company’s stock worth $201,000 after acquiring an additional 1,145 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Aehr Test Systems by 2.1% during the 1st quarter. Swiss National Bank now owns 57,500 shares of the semiconductor company’s stock worth $2,132,000 after acquiring an additional 1,200 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Howard T. Slayen sold 6,819 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $104.73, for a total value of $714,153.87. Following the completion of the sale, the director owned 169,709 shares in the company, valued at $17,773,623.57. This represents a 3.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is currently owned by company insiders.

Aehr Test Systems Trading Down 13.8%

Shares of NASDAQ AEHR opened at $76.32 on Friday. The stock has a market cap of $2.40 billion, a P/E ratio of -317.99 and a beta of 3.17. Aehr Test Systems has a twelve month low of $15.94 and a twelve month high of $126.62. The stock has a 50 day moving average of $92.59 and a two-hundred day moving average of $63.89.

Wall Street Analyst Weigh In

AEHR has been the topic of a number of recent analyst reports. Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Zacks Research raised Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Weiss Ratings lowered shares of Aehr Test Systems from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, July 15th. Craig Hallum reissued a “buy” rating and set a $125.00 price objective on shares of Aehr Test Systems in a report on Wednesday, July 15th. Finally, Wall Street Zen upgraded shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $117.50.

About Aehr Test Systems

Aehr Test Systems develops, manufactures and sells semiconductor test and burn-in equipment used by device manufacturers to ensure quality and reliability of integrated circuits. Its products are designed for wafer-level reliability assessment, functional test and stress screening of memory devices, system-on-chips, optical components and power semiconductors. By focusing on wafer-level burn-in and testing processes, the company helps reduce cost and improve yield for high-volume semiconductor production.

The company’s product portfolio includes FOX series wafer probe test and burn-in systems as well as ABTS burn-in ovens.