Silvercrest Asset Management Group LLC Cuts Stock Position in Aehr Test Systems (NASDAQ:AEHR)

Silvercrest Asset Management Group LLC trimmed its holdings in Aehr Test Systems (NASDAQ:AEHR) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 362,448 shares of the semiconductor company’s stock after selling 3,572 shares during the period. Silvercrest Asset Management Group LLC owned about 1.22% of Aehr Test Systems worth $6,028,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Invesco Ltd. lifted its holdings in Aehr Test Systems by 7.9% in the 4th quarter. Invesco Ltd. now owns 16,007 shares of the semiconductor company’s stock worth $266,000 after purchasing an additional 1,172 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new position in shares of Aehr Test Systems in the fourth quarter worth $28,000. HighTower Advisors LLC lifted its holdings in shares of Aehr Test Systems by 18.1% in the fourth quarter. HighTower Advisors LLC now owns 13,256 shares of the semiconductor company’s stock worth $220,000 after buying an additional 2,032 shares in the last quarter. JPMorgan Chase & Co. boosted its position 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 worth $259,000 after acquiring an additional 2,076 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Aehr Test Systems by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 137,241 shares of the semiconductor company’s stock valued at $2,283,000 after acquiring an additional 2,365 shares in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Alberto Salamone sold 4,995 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $9.08, for a total value of $45,354.60. Following the completion of the transaction, the executive vice president now directly owns 56,241 shares of the company’s stock, valued at approximately $510,668.28. This trade represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.20% of the company’s stock.

Aehr Test Systems Stock Performance

NASDAQ:AEHR opened at $9.29 on Monday. The business’s 50-day moving average is $8.44 and its 200 day moving average is $10.95. Aehr Test Systems has a 12 month low of $6.27 and a 12 month high of $21.44. The company has a market capitalization of $276.57 million, a P/E ratio of 12.39 and a beta of 2.21.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Aehr Test Systems to a “sell” rating in a research note on Tuesday, May 13th.

About Aehr Test Systems

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.