Raymond James Financial Services Advisors Inc. Sells 4,711 Shares of Aehr Test Systems (NASDAQ:AEHR)

Raymond James Financial Services Advisors Inc. cut its stake in Aehr Test Systems (NASDAQ:AEHR) by 28.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,589 shares of the semiconductor company’s stock after selling 4,711 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Aehr Test Systems were worth $307,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in Aehr Test Systems by 183.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 200,553 shares of the semiconductor company’s stock worth $9,165,000 after purchasing an additional 129,890 shares in the last quarter. Invesco Ltd. raised its holdings in Aehr Test Systems by 379.1% in the 3rd quarter. Invesco Ltd. now owns 596,660 shares of the semiconductor company’s stock worth $27,267,000 after purchasing an additional 472,113 shares in the last quarter. Trexquant Investment LP bought a new position in Aehr Test Systems in the 3rd quarter worth $472,000. Bank of New York Mellon Corp raised its holdings in Aehr Test Systems by 96.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 192,470 shares of the semiconductor company’s stock worth $8,796,000 after purchasing an additional 94,657 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in Aehr Test Systems by 588.8% in the 3rd quarter. Citigroup Inc. now owns 69,618 shares of the semiconductor company’s stock worth $3,182,000 after purchasing an additional 59,511 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AEHR has been the subject of several research reports. Craig Hallum reiterated a “hold” rating and issued a $12.00 price target on shares of Aehr Test Systems in a research note on Tuesday, March 26th. StockNews.com lowered shares of Aehr Test Systems from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. Finally, William Blair reiterated a “market perform” rating on shares of Aehr Test Systems in a research note on Monday, March 25th.

Aehr Test Systems Price Performance

Shares of Aehr Test Systems stock opened at $10.59 on Tuesday. The company has a 50-day moving average of $14.27 and a 200 day moving average of $21.03. The firm has a market cap of $306.26 million, a price-to-earnings ratio of 20.37 and a beta of 1.98. Aehr Test Systems has a 1 year low of $10.19 and a 1 year high of $54.10.

Aehr Test Systems Profile

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.