Rice Hall James & Associates LLC Sells 168,071 Shares of Aehr Test Systems $AEHR

Rice Hall James & Associates LLC decreased its position in Aehr Test Systems (NASDAQ:AEHR) by 27.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 444,381 shares of the semiconductor company’s stock after selling 168,071 shares during the quarter. Rice Hall James & Associates LLC owned 1.48% of Aehr Test Systems worth $13,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. State of Wyoming purchased a new position in shares of Aehr Test Systems during the second quarter worth approximately $28,000. Quantbot Technologies LP purchased a new position in Aehr Test Systems in the 1st quarter worth $31,000. CWM LLC lifted its stake in Aehr Test Systems by 15.1% in the second quarter. CWM LLC now owns 6,062 shares of the semiconductor company’s stock worth $78,000 after purchasing an additional 793 shares during the last quarter. American Century Companies Inc. purchased a new stake in Aehr Test Systems during the first quarter valued at about $86,000. Finally, Legal & General Group Plc boosted its position in Aehr Test Systems by 110.8% during the second quarter. Legal & General Group Plc now owns 6,882 shares of the semiconductor company’s stock valued at $89,000 after buying an additional 3,617 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Stock Down 2.8%

Shares of Aehr Test Systems stock opened at $21.46 on Friday. The business has a 50 day moving average of $23.39 and a 200 day moving average of $21.78. Aehr Test Systems has a 52 week low of $6.27 and a 52 week high of $34.35. The company has a market cap of $644.01 million, a PE ratio of -97.55 and a beta of 2.40.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings results on Monday, October 6th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Aehr Test Systems had a negative net margin of 11.71% and a negative return on equity of 2.41%. The company had revenue of $11.00 million for the quarter, compared to analysts’ expectations of $13.69 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. On average, research analysts anticipate that Aehr Test Systems will post 0.1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AEHR. Lake Street Capital initiated coverage on Aehr Test Systems in a research note on Wednesday, December 17th. They issued a “buy” rating for the company. Craig Hallum lowered Aehr Test Systems from a “buy” rating to a “hold” rating and set a $24.00 price objective for the company. in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Aehr Test Systems in a 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 report on Monday, December 8th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $24.00.

Insider Buying and Selling

In other Aehr Test Systems news, Director Howard T. Slayen sold 6,000 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $25.73, for a total value of $154,380.00. Following the completion of the transaction, the director owned 218,328 shares in the company, valued at approximately $5,617,579.44. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Fariba Danesh sold 9,000 shares of the stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $24.79, for a total transaction of $223,110.00. Following the completion of the transaction, the director owned 16,643 shares of the company’s stock, valued at approximately $412,579.97. The trade was a 35.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 6.80% of the stock is currently owned by corporate insiders.

Aehr Test Systems 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.