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

Wellington Management Group LLP reduced its position in shares of Aehr Test Systems (NASDAQ:AEHR - Free Report) by 35.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 201,073 shares of the semiconductor company's stock after selling 110,700 shares during the quarter. Wellington Management Group LLP owned approximately 0.68% of Aehr Test Systems worth $3,344,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. increased its position in shares of Aehr Test Systems by 7.9% in the fourth quarter. Invesco Ltd. now owns 16,007 shares of the semiconductor company's stock valued at $266,000 after acquiring an additional 1,172 shares during the period. HighTower Advisors LLC grew its stake 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 purchasing an additional 2,032 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Aehr Test Systems by 15.4% during the 4th quarter. JPMorgan Chase & Co. now owns 15,591 shares of the semiconductor company's stock valued at $259,000 after purchasing an additional 2,076 shares during the period. Dimensional Fund Advisors LP raised its position in Aehr Test Systems by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 137,241 shares of the semiconductor company's stock valued at $2,283,000 after purchasing an additional 2,365 shares during the last quarter. Finally, State of Wyoming bought a new position in Aehr Test Systems during the 4th quarter valued at approximately $67,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

Insiders Place Their Bets

In related news, EVP Alberto Salamone sold 4,995 shares of Aehr Test Systems stock in a transaction that occurred 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 sale, the executive vice president now directly owns 56,241 shares in the company, valued at $510,668.28. The trade was a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 6.20% of the company's stock.

Wall Street Analyst Weigh In

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

Aehr Test Systems Price Performance

Aehr Test Systems stock traded up $0.28 during mid-day trading on Friday, reaching $11.34. 648,846 shares of the company traded hands, compared to its average volume of 1,166,937. Aehr Test Systems has a 52-week low of $6.27 and a 52-week high of $21.44. The firm has a market capitalization of $337.60 million, a price-to-earnings ratio of 15.12 and a beta of 2.24. The firm's 50 day moving average price is $8.74 and its 200 day moving average price is $10.75.

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.