Aehr Test Systems (NASDAQ:AEHR) Shares Gap Up – Time to Buy?

Aehr Test Systems (NASDAQ:AEHR)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $25.97, but opened at $27.43. Aehr Test Systems shares last traded at $27.1810, with a volume of 156,967 shares traded.

Analyst Upgrades and Downgrades

AEHR has been the subject of a number of research analyst reports. Lake Street Capital started coverage on Aehr Test Systems in a research report on Wednesday, December 17th. They set a “buy” rating for the company. Craig Hallum reiterated a “hold” rating on shares of Aehr Test Systems in a report on Friday, January 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.00.

Aehr Test Systems Stock Up 2.6%

The stock has a 50 day moving average price of $22.80 and a two-hundred day moving average price of $22.90. The firm has a market cap of $815.83 million, a PE ratio of -88.74 and a beta of 2.33.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings results on Thursday, January 8th. The semiconductor company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04. Aehr Test Systems had a negative return on equity of 4.57% and a negative net margin of 16.63%.The company had revenue of $9.88 million during the quarter, compared to analysts’ expectations of $11.45 million. As a group, equities analysts anticipate that Aehr Test Systems will post 0.1 earnings per share for the current year.

Insider Buying and Selling at Aehr Test Systems

In other news, Director Howard T. Slayen sold 6,000 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $25.73, for a total value of $154,380.00. Following the completion of the transaction, the director owned 218,328 shares of the company’s stock, valued at $5,617,579.44. The trade was a 2.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Aehr Test Systems

Several hedge funds have recently bought and sold shares of AEHR. State of Wyoming increased its stake in shares of Aehr Test Systems by 26.7% during the third quarter. State of Wyoming now owns 2,777 shares of the semiconductor company’s stock worth $84,000 after purchasing an additional 586 shares in the last quarter. CWM LLC increased its stake in Aehr Test Systems by 15.1% during the 2nd quarter. CWM LLC now owns 6,062 shares of the semiconductor company’s stock worth $78,000 after buying an additional 793 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Aehr Test Systems during the third quarter valued at approximately $27,000. Jones Financial Companies Lllp raised its stake in Aehr Test Systems by 3,448.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 1,000 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Aehr Test Systems by 7.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 15,576 shares of the semiconductor company’s stock valued at $201,000 after purchasing an additional 1,145 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Company Profile

Aehr Test Systems develops, manufactures and sells semiconductor test and burn-in equipment used by device manufacturers to ensure quality and reliability of integrated circuits. Its products are designed for wafer-level reliability assessment, functional test and stress screening of memory devices, system-on-chips, optical components and power semiconductors. By focusing on wafer-level burn-in and testing processes, the company helps reduce cost and improve yield for high-volume semiconductor production.

The company’s product portfolio includes FOX series wafer probe test and burn-in systems as well as ABTS burn-in ovens.