Aehr Test Systems (NASDAQ:AEHR) Receives $117.50 Average Target Price from Analysts

Aehr Test Systems (NASDAQ:AEHR) has earned a consensus recommendation of “Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $117.50.

Several research analysts have commented on the stock. Freedom Capital upgraded shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Craig Hallum reiterated a “buy” rating and issued a $125.00 price target on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Wall Street Zen raised Aehr Test Systems from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Lake Street Capital reissued a “buy” rating and set a $110.00 price target on shares of Aehr Test Systems in a report on Wednesday, July 15th. Finally, Zacks Research upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th.

Insider Buying and Selling

In other news, Director Howard T. Slayen sold 20,000 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $108.30, for a total value of $2,166,000.00. Following the completion of the transaction, the director owned 146,367 shares of the company’s stock, valued at approximately $15,851,546.10. This represents a 12.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Aehr Test Systems

A number of institutional investors 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 fourth quarter valued at approximately $25,000. Advocate Investing Services LLC acquired a new position in shares of Aehr Test Systems during the second quarter worth $26,000. Sunbelt Securities Inc. acquired a new position in shares of Aehr Test Systems during the third quarter worth $27,000. State of Wyoming acquired a new position in shares of Aehr Test Systems during the second quarter worth $28,000. Finally, KBC Group NV bought a new position in shares of Aehr Test Systems in the 1st quarter valued at $30,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Aehr Test Systems Trading Down 10.1%

Shares of Aehr Test Systems stock opened at $98.78 on Thursday. The company has a market cap of $3.22 billion, a PE ratio of -411.57 and a beta of 3.10. The company has a 50 day moving average of $91.15 and a 200-day moving average of $67.46. Aehr Test Systems has a 1-year low of $16.38 and a 1-year high of $126.62.

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.