Aehr Test Systems (NASDAQ:AEHR) Trading Down 6.4% – What’s Next?

Aehr Test Systems (NASDAQ:AEHR) traded down 6.4% during mid-day trading on Wednesday . The stock traded as low as $102.44 and last traded at $102.8950. 1,697,845 shares were traded during trading, a decline of 29% from the average session volume of 2,384,971 shares. The stock had previously closed at $109.92.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Craig Hallum raised shares of Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Wednesday, April 8th. Weiss Ratings raised Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Lake Street Capital restated a “buy” rating on shares of Aehr Test Systems in a research note on Wednesday, April 8th. William Blair upgraded shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen downgraded shares of Aehr Test Systems from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Aehr Test Systems currently has an average rating of “Hold” and a consensus price target of $68.00.

Aehr Test Systems Stock Down 8.4%

The business’s fifty day moving average price is $74.40 and its 200 day moving average price is $43.94. The firm has a market capitalization of $2.88 billion, a PE ratio of -241.87 and a beta of 3.26.

Aehr Test Systems (NASDAQ:AEHR) last announced its earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates 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, analysts anticipate that Aehr Test Systems will post -0.31 earnings per share for the current year.

Insider Buying and Selling at Aehr Test Systems

In other news, CEO Gayn Erickson sold 96,036 shares of the business’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $70.58, for a total transaction of $6,778,220.88. Following the transaction, the chief executive officer directly owned 197,723 shares in the company, valued at $13,955,289.34. The trade was a 32.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Rhea J. Posedel sold 30,000 shares of the business’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $70.00, for a total transaction of $2,100,000.00. Following the transaction, the director owned 426,979 shares in the company, valued at approximately $29,888,530. This trade represents a 6.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 375,005 shares of company stock valued at $28,656,178. Insiders own 6.80% of the company’s stock.

Institutional Trading of Aehr Test Systems

Several large investors have recently modified their holdings of AEHR. William Blair Investment Management LLC acquired a new stake in shares of Aehr Test Systems in the third quarter valued at approximately $26,920,000. Wellington Management Group LLP grew its position in shares of Aehr Test Systems by 129.9% in the fourth quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock valued at $16,771,000 after purchasing an additional 469,400 shares during the last quarter. Invesco Ltd. grew its position in shares of Aehr Test Systems by 1,137.2% in the third quarter. Invesco Ltd. now owns 366,570 shares of the semiconductor company’s stock valued at $11,037,000 after purchasing an additional 336,940 shares during the last quarter. Next Century Growth Investors LLC grew its position in shares of Aehr Test Systems by 99.9% in the fourth quarter. Next Century Growth Investors LLC now owns 552,506 shares of the semiconductor company’s stock valued at $11,155,000 after purchasing an additional 276,160 shares during the last quarter. Finally, Halter Ferguson Financial Inc. grew its position in shares of Aehr Test Systems by 41.7% in the fourth quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock valued at $12,965,000 after purchasing an additional 189,117 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

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.