Aehr Test Systems (NASDAQ:AEHR) Reaches New 1-Year High – Time to Buy?

Aehr Test Systems (NASDAQ:AEHR) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $37.93 and last traded at $37.4030, with a volume of 484380 shares. The stock had previously closed at $34.32.

Analyst Upgrades and Downgrades

Several research firms have commented on AEHR. Lake Street Capital initiated coverage on shares of Aehr Test Systems in a research note on Wednesday, December 17th. They set a “buy” rating for the company. Zacks Research upgraded shares of Aehr Test Systems from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Craig Hallum reissued a “hold” rating on shares of Aehr Test Systems in a research report on Friday, January 9th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $21.00.

Aehr Test Systems Price Performance

The company’s fifty day simple moving average is $25.88 and its 200-day simple moving average is $25.22. The firm has a market capitalization of $1.18 billion, a PE ratio of -127.95 and a beta of 2.31.

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

Insiders Place Their Bets

In other news, Director Laura Oliphant sold 4,546 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $31.40, for a total transaction of $142,744.40. Following the transaction, the director directly owned 18,432 shares in the company, valued at $578,764.80. The trade was a 19.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rhea J. Posedel sold 13,998 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $30.02, for a total value of $420,219.96. Following the completion of the sale, the director directly owned 456,979 shares of the company’s stock, valued at $13,718,509.58. This trade represents a 2.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Aehr Test Systems

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in Aehr Test Systems by 262.7% in the first quarter. Royal Bank of Canada now owns 50,207 shares of the semiconductor company’s stock worth $365,000 after acquiring an additional 36,364 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Aehr Test Systems by 8.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,225 shares of the semiconductor company’s stock valued at $126,000 after acquiring an additional 1,344 shares in the last quarter. CWM LLC boosted its stake in Aehr Test Systems by 15.1% in the second quarter. CWM LLC now owns 6,062 shares of the semiconductor company’s stock valued at $78,000 after acquiring an additional 793 shares in the last quarter. AlphaQuest LLC grew its holdings in shares of Aehr Test Systems by 697.6% during the second quarter. AlphaQuest LLC now owns 20,156 shares of the semiconductor company’s stock worth $261,000 after purchasing an additional 17,629 shares during the last quarter. Finally, Pier Capital LLC lifted its holdings in shares of Aehr Test Systems by 16.0% in the 2nd quarter. Pier Capital LLC now owns 405,932 shares of the semiconductor company’s stock valued at $5,249,000 after purchasing an additional 55,861 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

About Aehr Test Systems

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.