Aehr Test Systems (NASDAQ:AEHR) Rating Increased to Strong-Buy at Freedom Capital

Freedom Capital upgraded shares of Aehr Test Systems (NASDAQ:AEHR) from a hold rating to a strong-buy rating in a research report released on Thursday,Zacks.com reports.

A number of other equities analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of Aehr Test Systems from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday. Wall Street Zen raised shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Saturday. Lake Street Capital restated a “buy” rating and set a $110.00 target price on shares of Aehr Test Systems in a report on Wednesday. Finally, Craig Hallum reaffirmed a “buy” rating and set a $125.00 target price on shares of Aehr Test Systems in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.50.

Aehr Test Systems Price Performance

Shares of Aehr Test Systems stock opened at $81.05 on Thursday. Aehr Test Systems has a 1 year low of $14.99 and a 1 year high of $126.62. The firm’s 50-day moving average is $94.10 and its two-hundred day moving average is $61.57. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of -337.69 and a beta of 3.17.

Insider Activity

In other Aehr Test Systems news, EVP Alberto Salamone sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $89.57, for a total value of $1,343,550.00. Following the completion of the sale, the executive vice president directly owned 63,025 shares in the company, valued at $5,645,149.25. This trade represents a 19.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Alistair N. Sporck sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $93.50, for a total transaction of $187,000.00. Following the completion of the sale, the vice president owned 5,177 shares of the company’s stock, valued at approximately $484,049.50. This trade represents a 27.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 57,825 shares of company stock worth $5,517,987. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AEHR. Caitong International Asset Management Co. Ltd acquired a new stake in Aehr Test Systems in the 4th quarter worth approximately $25,000. Sunbelt Securities Inc. purchased a new stake in Aehr Test Systems during the 3rd quarter worth approximately $27,000. State of Wyoming acquired a new position in Aehr Test Systems during the 2nd quarter valued at approximately $28,000. KBC Group NV acquired a new position in Aehr Test Systems during the 1st quarter valued at approximately $30,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Aehr Test Systems by 3,500.0% in the third quarter. Russell Investments Group Ltd. now owns 2,448 shares of the semiconductor company’s stock worth $74,000 after buying an additional 2,380 shares during the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

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.