Wellington Management Group LLP Cuts Stock Holdings in Aehr Test Systems (NASDAQ:AEHR)

Wellington Management Group LLP lessened its stake in Aehr Test Systems (NASDAQ:AEHR - Free Report) by 35.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,073 shares of the semiconductor company's stock after selling 110,700 shares during the period. Wellington Management Group LLP owned 0.68% of Aehr Test Systems worth $3,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Aehr Test Systems by 27.3% in the 3rd quarter. Barclays PLC now owns 140,525 shares of the semiconductor company's stock valued at $1,807,000 after purchasing an additional 30,119 shares during the last quarter. SG Americas Securities LLC lifted its stake in Aehr Test Systems by 43.7% in the fourth quarter. SG Americas Securities LLC now owns 14,519 shares of the semiconductor company's stock valued at $241,000 after buying an additional 4,412 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Aehr Test Systems in the fourth quarter valued at approximately $909,000. Greenwood Capital Associates LLC boosted its holdings in shares of Aehr Test Systems by 18.2% in the fourth quarter. Greenwood Capital Associates LLC now owns 32,693 shares of the semiconductor company's stock valued at $544,000 after acquiring an additional 5,026 shares during the period. Finally, Baillie Gifford & Co. grew its position in shares of Aehr Test Systems by 12.0% during the fourth quarter. Baillie Gifford & Co. now owns 2,023,559 shares of the semiconductor company's stock worth $33,652,000 after acquiring an additional 216,710 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Aehr Test Systems to a "sell" rating in a research report on Tuesday, May 13th.

Aehr Test Systems Trading Up 2.5%

Shares of AEHR traded up $0.28 during mid-day trading on Friday, hitting $11.34. 648,835 shares of the company's stock were exchanged, compared to its average volume of 1,169,021. Aehr Test Systems has a fifty-two week low of $6.27 and a fifty-two week high of $21.44. The firm has a market capitalization of $337.60 million, a P/E ratio of 15.12 and a beta of 2.21. The business's 50 day moving average is $8.67 and its two-hundred day moving average is $10.76.

Insider Activity

In related news, EVP Alberto Salamone sold 4,995 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $9.08, for a total transaction of $45,354.60. Following the completion of the sale, the executive vice president now directly owns 56,241 shares of the company's stock, valued at $510,668.28. This trade represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.20% of the company's stock.

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.