Balyasny Asset Management L.P. Has $1.14 Million Position in Aehr Test Systems (NASDAQ:AEHR)

Balyasny Asset Management L.P. raised its holdings in shares of Aehr Test Systems (NASDAQ:AEHR - Free Report) by 82.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,714 shares of the semiconductor company's stock after buying an additional 30,991 shares during the quarter. Balyasny Asset Management L.P. owned about 0.23% of Aehr Test Systems worth $1,143,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new position in shares of Aehr Test Systems during the fourth quarter worth approximately $28,000. Headlands Technologies LLC acquired a new position in shares of Aehr Test Systems during the fourth quarter worth approximately $103,000. Mariner LLC acquired a new position in shares of Aehr Test Systems during the fourth quarter worth approximately $180,000. Bayesian Capital Management LP acquired a new position in shares of Aehr Test Systems during the fourth quarter worth approximately $185,000. Finally, HighTower Advisors LLC lifted its holdings 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 buying an additional 2,032 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Aehr Test Systems Price Performance

Shares of NASDAQ AEHR traded down $0.25 during trading hours on Monday, reaching $9.04. The stock had a trading volume of 371,602 shares, compared to its average volume of 1,168,298. The business's fifty day moving average is $8.45 and its two-hundred day moving average is $10.93. The company has a market cap of $269.13 million, a price-to-earnings ratio of 12.05 and a beta of 2.21. Aehr Test Systems has a twelve month low of $6.27 and a twelve month high of $21.44.

Analyst Upgrades and Downgrades

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

Insider Activity at Aehr Test Systems

In related news, EVP Alberto Salamone sold 4,995 shares of the company's stock in a transaction on Monday, May 12th. The stock was 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 in the company, valued at approximately $510,668.28. This represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.20% of the stock is currently owned by corporate insiders.

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.