Aehr Test Systems (NASDAQ:AEHR) Given Consensus Rating of “Moderate Buy” by Analysts

Aehr Test Systems (NASDAQ:AEHR) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $132.50.

Several analysts have recently weighed in on AEHR shares. Craig Hallum restated a “buy” rating and issued a $125.00 price objective on shares of Aehr Test Systems in a report on Wednesday, July 15th. Freedom Capital upgraded Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. 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 reiterated a “buy” rating and issued a $110.00 price target on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Finally, Oppenheimer began coverage on Aehr Test Systems in a research note on Thursday, September 10th. They issued an “outperform” rating and a $120.00 price target on the stock.

Aehr Test Systems Price Performance

AEHR opened at $90.55 on Friday. Aehr Test Systems has a 12 month low of $18.70 and a 12 month high of $147.40. The stock has a market cap of $2.96 billion, a P/E ratio of -377.28 and a beta of 3.06. The stock’s 50 day moving average price is $92.43 and its 200 day moving average price is $82.44.

Insiders Place Their Bets

In other news, COO Adil Engineer sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $131.02, for a total transaction of $1,965,300.00. Following the sale, the chief operating officer owned 46,977 shares in the company, valued at $6,154,926.54. The trade was a 24.20% 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. Also, EVP Alberto Salamone sold 9,672 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $127.72, for a total transaction of $1,235,307.84. Following the completion of the sale, the executive vice president owned 41,962 shares of the company’s stock, valued at approximately $5,359,386.64. This trade represents a 18.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 109,475 shares of company stock valued at $13,827,160 over the last 90 days. 4.60% of the stock is owned by corporate insiders.

Institutional Trading of Aehr Test Systems

Several hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its position in Aehr Test Systems by 33.4% during the second quarter. The Manufacturers Life Insurance Company now owns 10,480 shares of the semiconductor company’s stock valued at $1,007,000 after buying an additional 2,624 shares during the period. Tidal Investments LLC acquired a new stake in Aehr Test Systems during the 2nd quarter worth about $1,512,000. Engineers Gate Manager LP boosted its position in Aehr Test Systems by 5.2% during the 2nd quarter. Engineers Gate Manager LP now owns 21,542 shares of the semiconductor company’s stock worth $2,069,000 after acquiring an additional 1,069 shares during the period. IFP Advisors Inc purchased a new position in Aehr Test Systems during the 2nd quarter valued at about $166,000. Finally, Arizona State Retirement System grew its stake in Aehr Test Systems by 3.2% during the 2nd quarter. Arizona State Retirement System now owns 8,245 shares of the semiconductor company’s stock valued at $792,000 after acquiring an additional 253 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

About Aehr Test Systems

Aehr Test Systems (NASDAQ: AEHR) develops and manufactures semiconductor test and burn-in equipment used to verify the reliability and performance of integrated circuits, wafers and packaged devices. Its systems are designed to identify defects and reliability issues before semiconductor products are shipped to customers.

The company’s product portfolio includes the FOX family of test and burn-in systems, along with wafer-level and packaged-device solutions such as WaferPak contactors and DiePak carriers.