Concentrum Wealth Management Grows Position in Aehr Test Systems (NASDAQ:AEHR)

Concentrum Wealth Management raised its holdings in shares of Aehr Test Systems (NASDAQ:AEHR) by 33.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 20,998 shares of the semiconductor company’s stock after acquiring an additional 5,230 shares during the quarter. Concentrum Wealth Management’s holdings in Aehr Test Systems were worth $557,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AEHR. AE Wealth Management LLC purchased a new stake in Aehr Test Systems during the third quarter valued at about $323,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Aehr Test Systems in the third quarter worth about $797,000. Bank of New York Mellon Corp lifted its holdings in shares of Aehr Test Systems by 96.8% in the third quarter. Bank of New York Mellon Corp now owns 192,470 shares of the semiconductor company’s stock worth $8,796,000 after buying an additional 94,657 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Aehr Test Systems by 37.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,788 shares of the semiconductor company’s stock worth $265,000 after buying an additional 1,590 shares in the last quarter. Finally, Roubaix Capital LLC purchased a new stake in shares of Aehr Test Systems in the third quarter worth about $4,179,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AEHR has been the topic of a number of recent analyst reports. Craig Hallum reissued a “hold” rating and issued a $12.00 price target on shares of Aehr Test Systems in a report on Tuesday, March 26th. William Blair reissued a “market perform” rating on shares of Aehr Test Systems in a report on Monday, March 25th. Finally, StockNews.com downgraded shares of Aehr Test Systems from a “hold” rating to a “sell” rating in a report on Thursday, April 11th.

Aehr Test Systems Stock Performance

AEHR traded up $0.09 on Thursday, reaching $11.82. The company had a trading volume of 310,530 shares, compared to its average volume of 1,510,067. The business has a 50 day simple moving average of $13.41 and a 200 day simple moving average of $19.80. The company has a market cap of $341.83 million, a price-to-earnings ratio of 22.56 and a beta of 1.97. Aehr Test Systems has a 52-week low of $10.19 and a 52-week high of $54.10.

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.