Montanaro Asset Management Ltd Trims Position in Aehr Test Systems (NASDAQ:AEHR)

Montanaro Asset Management Ltd trimmed its stake in Aehr Test Systems (NASDAQ:AEHR) by 44.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,850 shares of the semiconductor company’s stock after selling 3,900 shares during the period. Montanaro Asset Management Ltd’s holdings in Aehr Test Systems were worth $81,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. New Wave Wealth Advisors LLC bought a new stake in shares of Aehr Test Systems during the fourth quarter valued at approximately $28,000. Truvestments Capital LLC bought a new stake in Aehr Test Systems during the 3rd quarter valued at $36,000. Quarry LP purchased a new stake in shares of Aehr Test Systems in the 3rd quarter worth $41,000. HighTower Advisors LLC bought a new position in shares of Aehr Test Systems during the 3rd quarter worth $144,000. Finally, Quest Partners LLC grew its position in shares of Aehr Test Systems by 203.0% during the 3rd quarter. Quest Partners LLC now owns 12,815 shares of the semiconductor company’s stock worth $165,000 after buying an additional 8,585 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Aehr Test Systems Stock Down 1.6 %

NASDAQ:AEHR opened at $8.89 on Thursday. The stock has a market capitalization of $264.14 million, a price-to-earnings ratio of 11.85 and a beta of 1.92. Aehr Test Systems has a 52 week low of $7.92 and a 52 week high of $21.44. The firm has a 50 day moving average of $10.42 and a 200 day moving average of $12.44.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings data on Monday, January 13th. The semiconductor company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). Aehr Test Systems had a net margin of 43.41% and a return on equity of 21.09%. As a group, analysts expect that Aehr Test Systems will post 0.1 EPS for the current year.

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.