Rice Hall James & Associates LLC Cuts Holdings in Aehr Test Systems $AEHR

Rice Hall James & Associates LLC lowered its holdings in Aehr Test Systems (NASDAQ:AEHR) by 27.4% in the 3rd quarter, Holdings Channel reports. The firm owned 444,381 shares of the semiconductor company’s stock after selling 168,071 shares during the period. Rice Hall James & Associates LLC’s holdings in Aehr Test Systems were worth $13,380,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. CWM LLC raised its position in Aehr Test Systems by 15.1% in the 2nd quarter. CWM LLC now owns 6,062 shares of the semiconductor company’s stock worth $78,000 after buying an additional 793 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Aehr Test Systems by 7.9% in the second 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 during the period. Osaic Holdings Inc. lifted its position in Aehr Test Systems by 1.9% during the second quarter. Osaic Holdings Inc. now owns 63,608 shares of the semiconductor company’s stock valued at $822,000 after purchasing an additional 1,210 shares during the period. Rhumbline Advisers boosted its holdings in Aehr Test Systems by 3.1% in the second quarter. Rhumbline Advisers now owns 41,466 shares of the semiconductor company’s stock worth $536,000 after purchasing an additional 1,254 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Aehr Test Systems by 8.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,225 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 1,344 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Aehr Test Systems Stock Performance

NASDAQ AEHR opened at $21.46 on Friday. The company has a market capitalization of $644.01 million, a PE ratio of -97.55 and a beta of 2.40. The business’s fifty day moving average is $23.39 and its 200 day moving average is $21.78. Aehr Test Systems has a fifty-two week low of $6.27 and a fifty-two week high of $34.35.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings data on Monday, October 6th. The semiconductor company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Aehr Test Systems had a negative return on equity of 2.41% and a negative net margin of 11.71%.The firm had revenue of $11.00 million for the quarter, compared to the consensus estimate of $13.69 million. During the same quarter last year, the company earned $0.07 earnings per share. On average, sell-side analysts forecast that Aehr Test Systems will post 0.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AEHR shares. Craig Hallum lowered shares of Aehr Test Systems from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research note on Tuesday, October 7th. Lake Street Capital initiated coverage on Aehr Test Systems in a report on Wednesday, December 17th. They issued a “buy” rating on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Aehr Test Systems has a consensus rating of “Hold” and an average target price of $24.00.

Insider Activity

In related news, Director Howard T. Slayen sold 6,000 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $25.73, for a total transaction of $154,380.00. Following the completion of the transaction, the director directly owned 218,328 shares of the company’s stock, valued at approximately $5,617,579.44. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Fariba Danesh sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $24.79, for a total value of $223,110.00. Following the transaction, the director owned 16,643 shares of the company’s stock, valued at $412,579.97. This represents a 35.10% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 6.80% of the company’s stock.

Aehr Test Systems Company Profile

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.