Apis Capital Advisors LLC Sells 68,000 Shares of Aehr Test Systems (NASDAQ:AEHR)

Apis Capital Advisors LLC cut its stake in shares of Aehr Test Systems (NASDAQ:AEHR - Free Report) by 38.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,000 shares of the semiconductor company's stock after selling 68,000 shares during the period. Aehr Test Systems comprises approximately 1.2% of Apis Capital Advisors LLC's investment portfolio, making the stock its 21st largest holding. Apis Capital Advisors LLC owned 0.37% of Aehr Test Systems worth $1,829,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new position in shares of Aehr Test Systems during the fourth quarter valued at about $28,000. Headlands Technologies LLC bought a new position in shares of Aehr Test Systems during the 4th quarter worth approximately $103,000. Mariner LLC purchased a new position in shares of Aehr Test Systems in the 4th quarter worth approximately $180,000. HighTower Advisors LLC grew 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 valued at $220,000 after acquiring an additional 2,032 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Aehr Test Systems by 43.7% during the fourth quarter. SG Americas Securities LLC now owns 14,519 shares of the semiconductor company's stock valued at $241,000 after acquiring an additional 4,412 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Aehr Test Systems to a "sell" rating in a research note on Wednesday, January 22nd.

Aehr Test Systems Stock Performance

NASDAQ AEHR opened at $8.71 on Friday. Aehr Test Systems has a 52-week low of $6.27 and a 52-week high of $21.44. The company has a 50-day simple moving average of $8.50 and a 200 day simple moving average of $11.47. The company has a market capitalization of $259.31 million, a PE ratio of 11.61 and a beta of 2.21.

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.

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