Aehr Test Systems (NASDAQ:AEHR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Aehr Test Systems (NASDAQ:AEHR) have been assigned an average rating of “Hold” from the five analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $68.00.

A number of equities analysts recently commented on AEHR shares. Weiss Ratings raised shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Craig Hallum upgraded Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Wednesday, April 8th. Lake Street Capital reaffirmed a “buy” rating on shares of Aehr Test Systems in a research report on Wednesday, April 8th. Finally, Wall Street Zen upgraded Aehr Test Systems from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th.

Aehr Test Systems Stock Performance

NASDAQ AEHR opened at $69.96 on Friday. Aehr Test Systems has a 1 year low of $12.19 and a 1 year high of $126.62. The company has a market cap of $2.20 billion, a PE ratio of -184.11 and a beta of 3.17. The stock’s 50-day moving average price is $97.34 and its two-hundred day moving average price is $57.87.

Aehr Test Systems (NASDAQ:AEHR) last announced its 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. Aehr Test Systems had a negative net margin of 25.23% and a negative return on equity of 7.15%. The company had revenue of $10.31 million during the quarter, compared to analysts’ expectations of $10.85 million. Research analysts forecast that Aehr Test Systems will post -0.31 EPS for the current fiscal year.

Insider Activity

In other Aehr Test Systems news, insider Donald P. Richmond II sold 17,011 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $73.18, for a total value of $1,244,864.98. Following the sale, the insider directly owned 181,512 shares in the company, valued at $13,283,048.16. This represents a 8.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Alberto Salamone sold 15,000 shares of the company’s stock in a transaction 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 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 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. 6.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Aehr Test Systems

Large investors have recently made changes to their positions in the company. Strait & Sound Wealth Management LLC bought a new position in Aehr Test Systems during the 1st quarter valued at about $349,000. Cim LLC acquired a new stake in shares of Aehr Test Systems during the first quarter worth approximately $507,000. California State Teachers Retirement System increased its holdings in shares of Aehr Test Systems by 2,271.7% during the first quarter. California State Teachers Retirement System now owns 41,599 shares of the semiconductor company’s stock worth $1,542,000 after buying an additional 39,845 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Aehr Test Systems by 15.3% in the first quarter. Royal Bank of Canada now owns 59,939 shares of the semiconductor company’s stock valued at $2,222,000 after acquiring an additional 7,968 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Aehr Test Systems in the first quarter valued at approximately $291,000. Institutional investors 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.