Aehr Test Systems (NASDAQ:AEHR) Receives Consensus Recommendation of “Hold” from Analysts

Aehr Test Systems (NASDAQ:AEHR) has been given a consensus rating of “Hold” by the five analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $68.00.

A number of equities analysts have recently commented on the stock. Weiss Ratings upgraded shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Craig Hallum raised Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Wednesday, April 8th. William Blair upgraded Aehr Test Systems from a “market perform” rating to an “outperform” rating in a report on Monday, March 2nd. Wall Street Zen raised Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. Finally, Lake Street Capital reissued a “buy” rating on shares of Aehr Test Systems in a research report on Wednesday, April 8th.

Insider Activity at Aehr Test Systems

In related news, Director Laura Oliphant sold 4,665 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $85.59, for a total value of $399,277.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Alberto Salamone sold 15,000 shares of the firm’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $89.57, for a total transaction of $1,343,550.00. Following the completion of the transaction, the executive vice president directly owned 63,025 shares of the company’s stock, valued at $5,645,149.25. This represents a 19.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 375,005 shares of company stock worth $28,656,178. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Aehr Test Systems

Institutional investors and hedge funds have recently modified their holdings of the company. KBC Group NV acquired a new stake in Aehr Test Systems in the 1st quarter valued at about $30,000. Sunbelt Securities Inc. acquired a new position in Aehr Test Systems during the third quarter worth approximately $27,000. Jones Financial Companies Lllp increased its position in Aehr Test Systems by 3,448.3% during the third quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock worth $31,000 after buying an additional 1,000 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Aehr Test Systems in the fourth quarter valued at approximately $25,000. Finally, RiverPark Advisors LLC bought a new stake in Aehr Test Systems in the third quarter valued at approximately $42,000. 69.69% of the stock is owned by institutional investors.

Aehr Test Systems Price Performance

Shares of AEHR stock opened at $108.47 on Wednesday. The company’s fifty day simple moving average is $88.91 and its 200-day simple moving average is $50.22. The firm has a market cap of $3.41 billion, a PE ratio of -285.45 and a beta of 3.18. Aehr Test Systems has a 12 month low of $10.89 and a 12 month high of $121.80.

Aehr Test Systems (NASDAQ:AEHR) last announced its earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02. Aehr Test Systems had a negative net margin of 25.23% and a negative return on equity of 7.15%. The business had revenue of $10.31 million during the quarter, compared to analysts’ expectations of $10.85 million. On average, equities analysts predict that Aehr Test Systems will post -0.31 earnings per share for the current fiscal year.

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.