Rice Hall James & Associates LLC Increases Position in Aehr Test Systems (NASDAQ:AEHR)

Rice Hall James & Associates LLC lifted its position in Aehr Test Systems (NASDAQ:AEHR) by 59.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 634,391 shares of the semiconductor company’s stock after purchasing an additional 235,625 shares during the period. Rice Hall James & Associates LLC owned about 2.14% of Aehr Test Systems worth $10,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New Wave Wealth Advisors LLC purchased a new stake in shares of Aehr Test Systems in the fourth quarter worth $28,000. Truvestments Capital LLC purchased a new stake in shares of Aehr Test Systems in the third quarter worth $36,000. Quarry LP purchased a new stake in shares of Aehr Test Systems in the third quarter worth $41,000. US Bancorp DE purchased a new stake in shares of Aehr Test Systems in the third quarter worth $77,000. Finally, Montanaro Asset Management Ltd purchased a new stake in shares of Aehr Test Systems in the third quarter worth $112,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Aehr Test Systems Stock Performance

AEHR opened at $10.72 on Tuesday. The stock has a market capitalization of $318.49 million, a price-to-earnings ratio of 14.29 and a beta of 1.81. The company has a fifty day moving average of $13.34 and a 200 day moving average of $13.34. Aehr Test Systems has a fifty-two week low of $9.83 and a fifty-two week high of $21.44.

Aehr Test Systems (NASDAQ:AEHR) last posted its earnings results on Monday, January 13th. The semiconductor company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). Aehr Test Systems had a net margin of 43.41% and a return on equity of 21.09%. On average, equities research analysts forecast that Aehr Test Systems will post 0.1 earnings per share for the current year.

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.