Aehr Test Systems (NASDAQ:AEHR) Shares Gap Up – What’s Next?

Shares of Aehr Test Systems (NASDAQ:AEHR) gapped up before the market opened on Monday . The stock had previously closed at $98.45, but opened at $105.00. Aehr Test Systems shares last traded at $95.6780, with a volume of 365,018 shares changing hands.

Analyst Ratings Changes

Several research firms have recently commented on AEHR. Wall Street Zen raised shares of Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday. William Blair raised shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research report on Monday, March 2nd. Weiss Ratings raised shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Craig Hallum raised shares of Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Wednesday, April 8th. Finally, Lake Street Capital reaffirmed a “buy” rating on shares of Aehr Test Systems in a research report on Wednesday, April 8th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $68.00.

Aehr Test Systems Price Performance

The company’s 50 day simple moving average is $82.49 and its 200 day simple moving average is $47.44. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of -259.09 and a beta of 3.18.

Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly 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. The business had revenue of $10.31 million during the quarter, compared to the consensus estimate of $10.85 million. Aehr Test Systems had a negative net margin of 25.23% and a negative return on equity of 7.15%. As a group, analysts forecast that Aehr Test Systems will post -0.31 earnings per share for the current year.

Insiders Place Their Bets

In other Aehr Test Systems news, Director Howard T. Slayen sold 25,000 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $85.00, for a total value of $2,125,000.00. Following the completion of the transaction, the director owned 178,328 shares in the company, valued at $15,157,880. The trade was a 12.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Alberto Salamone sold 15,000 shares of the business’s stock in a transaction on Monday, April 20th. The stock was 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 owned 63,025 shares of the company’s stock, valued at approximately $5,645,149.25. This trade represents a 19.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 375,005 shares of company stock valued at $28,656,178. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Aehr Test Systems

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Aehr Test Systems by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock worth $47,193,000 after purchasing an additional 49,243 shares in the last quarter. Halter Ferguson Financial Inc. grew its stake in shares of Aehr Test Systems by 41.7% during the fourth quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock worth $12,965,000 after purchasing an additional 189,117 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Aehr Test Systems during the fourth quarter worth $377,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Aehr Test Systems during the fourth quarter worth $407,000. Finally, UBS Group AG grew its stake in shares of Aehr Test Systems by 55.7% during the fourth quarter. UBS Group AG now owns 243,129 shares of the semiconductor company’s stock worth $4,909,000 after purchasing an additional 87,014 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

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.