Alliancebernstein L.P. Trims Stake in Aehr Test Systems (NASDAQ:AEHR)

Alliancebernstein L.P. lessened its holdings in shares of Aehr Test Systems (NASDAQ:AEHR) by 53.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,020 shares of the semiconductor company’s stock after selling 18,110 shares during the period. Alliancebernstein L.P. owned about 0.05% of Aehr Test Systems worth $266,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. New Wave Wealth Advisors LLC bought a new position in shares of Aehr Test Systems in the fourth quarter worth about $28,000. HighTower Advisors LLC increased its position in shares of Aehr Test Systems by 18.1% during the fourth quarter. HighTower Advisors LLC now owns 13,256 shares of the semiconductor company’s stock worth $220,000 after acquiring an additional 2,032 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Aehr Test Systems by 15.4% during the fourth quarter. JPMorgan Chase & Co. now owns 15,591 shares of the semiconductor company’s stock valued at $259,000 after acquiring an additional 2,076 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Aehr Test Systems by 43.7% in the fourth quarter. SG Americas Securities LLC now owns 14,519 shares of the semiconductor company’s stock valued at $241,000 after purchasing an additional 4,412 shares during the period. Finally, Greenwood Capital Associates LLC increased its holdings in Aehr Test Systems by 18.2% during the 4th quarter. Greenwood Capital Associates LLC now owns 32,693 shares of the semiconductor company’s stock worth $544,000 after purchasing an additional 5,026 shares during the period. Institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

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

Aehr Test Systems Stock Down 1.6 %

Shares of NASDAQ:AEHR opened at $7.96 on Tuesday. The firm has a 50 day moving average of $8.97 and a 200 day moving average of $11.78. The company has a market capitalization of $236.98 million, a price-to-earnings ratio of 10.61 and a beta of 2.00. Aehr Test Systems has a 52 week low of $6.27 and a 52 week high of $21.44.

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.