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

Rice Hall James & Associates LLC lifted its stake in shares of Aehr Test Systems (NASDAQ:AEHR - Free Report) by 17.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 398,766 shares of the semiconductor company's stock after buying an additional 59,010 shares during the period. Rice Hall James & Associates LLC owned about 1.38% of Aehr Test Systems worth $5,124,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of AEHR. Federated Hermes Inc. grew its position in Aehr Test Systems by 769.7% in the 2nd quarter. Federated Hermes Inc. now owns 1,100,567 shares of the semiconductor company's stock worth $12,293,000 after purchasing an additional 974,028 shares in the last quarter. Baillie Gifford & Co. increased its position in shares of Aehr Test Systems by 101.6% during the second quarter. Baillie Gifford & Co. now owns 1,670,590 shares of the semiconductor company's stock valued at $18,660,000 after acquiring an additional 841,964 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Aehr Test Systems by 39.0% during the first quarter. Vanguard Group Inc. now owns 2,097,712 shares of the semiconductor company's stock worth $26,012,000 after acquiring an additional 588,953 shares during the period. Apis Capital Advisors LLC purchased a new position in Aehr Test Systems in the second quarter worth $2,133,000. Finally, Pier Capital LLC increased its holdings in Aehr Test Systems by 158.4% during the second quarter. Pier Capital LLC now owns 308,933 shares of the semiconductor company's stock worth $3,451,000 after buying an additional 189,369 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on AEHR. Craig Hallum upgraded shares of Aehr Test Systems from a "hold" rating to a "buy" rating and increased their target price for the stock from $12.00 to $25.00 in a research report on Wednesday, July 17th. StockNews.com cut shares of Aehr Test Systems from a "hold" rating to a "sell" rating in a research note on Saturday, October 5th.

Aehr Test Systems Price Performance

NASDAQ:AEHR traded down $1.87 during trading hours on Friday, hitting $12.21. The company had a trading volume of 2,653,571 shares, compared to its average volume of 1,385,807. Aehr Test Systems has a 52 week low of $9.83 and a 52 week high of $30.50. The stock has a 50-day moving average price of $13.87 and a 200 day moving average price of $13.36. The company has a market capitalization of $361.78 million, a PE ratio of 13.43 and a beta of 2.03.

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.