Essex Investment Management Co. LLC acquired a new stake in Aehr Test Systems (NASDAQ:AEHR – Get Rating) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 168,023 shares of the semiconductor company's stock, valued at approximately $1,707,000. Essex Investment Management Co. LLC owned approximately 0.62% of Aehr Test Systems at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates acquired a new position in Aehr Test Systems in the 4th quarter valued at $208,000. Gotham Asset Management LLC acquired a new position in Aehr Test Systems in the 4th quarter valued at $298,000. Oxbow Advisors LLC acquired a new position in Aehr Test Systems in the 4th quarter valued at $339,000. ARS Investment Partners LLC acquired a new position in Aehr Test Systems in the 4th quarter valued at $419,000. Finally, 683 Capital Management LLC acquired a new position in Aehr Test Systems in the 4th quarter valued at $469,000. 41.14% of the stock is owned by institutional investors and hedge funds.

Aehr Test Systems Stock Performance

AEHR opened at $16.19 on Tuesday. The firm has a market cap of $435.83 million, a P/E ratio of 43.94 and a beta of 1.67. Aehr Test Systems has a 52-week low of $5.08 and a 52-week high of $27.09. The business's fifty day moving average is $9.27 and its 200-day moving average is $9.93.

Insider Transactions at Aehr Test Systems

In other news, Director Howard T. Slayen sold 10,000 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $14.75, for a total transaction of $147,500.00. Following the sale, the director now directly owns 200,762 shares of the company's stock, valued at approximately $2,961,239.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 16.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com lowered Aehr Test Systems from a "hold" rating to a "sell" rating in a report on Saturday.

Aehr Test Systems Company Profile

(Get Rating)

Aehr Test Systems provides test systems for burning-in and testing logic, optical, and memory integrated circuits worldwide. It offers products, such as the ABTS and FOX-P families of test and burn-in systems and FOX WaferPak Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier, and FOX DiePak Loader.

Further Reading

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