Raymond James Financial Services Advisors Inc. Reduces Holdings in Aehr Test Systems (NASDAQ:AEHR)

Raymond James Financial Services Advisors Inc. trimmed its position in shares of Aehr Test Systems (NASDAQ:AEHR) by 28.9% in the 4th quarter, Holdings Channel reports. 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.

Several other institutional investors and hedge funds also recently bought and sold shares of AEHR. Lord Abbett & CO. LLC boosted its stake in shares of Aehr Test Systems by 141.6% during the third quarter. Lord Abbett & CO. LLC now owns 953,674 shares of the semiconductor company’s stock valued at $43,583,000 after purchasing an additional 558,908 shares during the period. Invesco Ltd. boosted its stake in shares of Aehr Test Systems by 379.1% during the third quarter. Invesco Ltd. now owns 596,660 shares of the semiconductor company’s stock valued at $27,267,000 after purchasing an additional 472,113 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Aehr Test Systems by 26,131.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 165,522 shares of the semiconductor company’s stock valued at $7,564,000 after purchasing an additional 164,891 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Aehr Test Systems by 183.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 200,553 shares of the semiconductor company’s stock valued at $9,165,000 after purchasing an additional 129,890 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Aehr Test Systems by 96.8% during the third quarter. Bank of New York Mellon Corp now owns 192,470 shares of the semiconductor company’s stock valued at $8,796,000 after purchasing an additional 94,657 shares during the period. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AEHR shares. William Blair reissued a “market perform” rating on shares of Aehr Test Systems in a research note on Monday, March 25th. Craig Hallum reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Aehr Test Systems in a research note on Tuesday, March 26th. Finally, StockNews.com lowered shares of Aehr Test Systems from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th.

Aehr Test Systems Stock Performance

Shares of Aehr Test Systems stock opened at $10.59 on Tuesday. The company has a market capitalization of $306.26 million, a PE ratio of 20.37 and a beta of 1.98. The company has a 50-day simple moving average of $14.27 and a two-hundred day simple moving average of $21.03. Aehr Test Systems has a one year low of $10.19 and a one 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.