JPMorgan Chase & Co. Sells 77,334 Shares of Aehr Test Systems (NASDAQ:AEHR)

JPMorgan Chase & Co. lowered its stake in Aehr Test Systems (NASDAQ:AEHR - Free Report) by 85.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,515 shares of the semiconductor company's stock after selling 77,334 shares during the period. JPMorgan Chase & Co.'s holdings in Aehr Test Systems were worth $174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. FMR LLC increased its position in Aehr Test Systems by 1,535.8% during the third quarter. FMR LLC now owns 2,619,108 shares of the semiconductor company's stock worth $33,656,000 after buying an additional 2,458,993 shares during the period. Baillie Gifford & Co. grew its holdings in shares of Aehr Test Systems by 8.2% in the 3rd quarter. Baillie Gifford & Co. now owns 1,806,849 shares of the semiconductor company's stock worth $23,218,000 after acquiring an additional 136,259 shares during the period. Geode Capital Management LLC increased its position in shares of Aehr Test Systems by 3.0% in the third quarter. Geode Capital Management LLC now owns 639,149 shares of the semiconductor company's stock valued at $8,215,000 after buying an additional 18,521 shares in the last quarter. State Street Corp increased its holdings in Aehr Test Systems by 1.6% during the 3rd quarter. State Street Corp now owns 571,860 shares of the semiconductor company's stock valued at $7,348,000 after acquiring an additional 8,840 shares in the last quarter. Finally, Pier Capital LLC raised its position in shares of Aehr Test Systems by 33.4% during the 3rd quarter. Pier Capital LLC now owns 412,077 shares of the semiconductor company's stock worth $5,295,000 after purchasing an additional 103,144 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Aehr Test Systems Stock Performance

Shares of Aehr Test Systems stock traded down $0.03 during trading on Wednesday, reaching $11.06. The company had a trading volume of 450,648 shares, compared to its average volume of 1,503,272. The company has a market cap of $328.59 million, a price-to-earnings ratio of 14.75 and a beta of 1.82. Aehr Test Systems has a fifty-two week low of $9.83 and a fifty-two week high of $21.44. The firm's fifty day moving average is $13.54 and its 200-day moving average is $13.76.

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised Aehr Test Systems to a "sell" rating in a research report on Wednesday, January 22nd.

Aehr Test Systems Company 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.