Zacks Investment Research upgraded shares of Aehr Test Systems (NASDAQ:AEHR) from a hold rating to a buy rating in a research note issued to investors on Wednesday. The brokerage currently has $3.25 price target on the semiconductor company’s stock.

According to Zacks, “Aehr Test Systems develops, manufactures and sells systems which are designed to reduce the cost of testing DRAMs and other memory devices, perform reliability screening or burn-in of complex logic and memory devices, and enable IC manufacturers to perform test and burn-in of bare die. Leveraging its expertise as a long-time leading provider of burn-in equipment, with over 2,000 systems installed worldwide, the Company has developed and introduced two innovative product families, the MTX system and the DiePak-Registered Trademark- carrier. “

Separately, ValuEngine lowered Aehr Test Systems from a hold rating to a sell rating in a report on Friday, October 27th.

Shares of Aehr Test Systems (AEHR) opened at $2.92 on Wednesday. Aehr Test Systems has a 1-year low of $2.15 and a 1-year high of $6.10. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.64 and a current ratio of 3.76.

Aehr Test Systems (NASDAQ:AEHR) last released its earnings results on Thursday, September 28th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $6.97 million for the quarter, compared to analyst estimates of $6.75 million. Aehr Test Systems had a negative return on equity of 47.96% and a negative net margin of 23.79%. sell-side analysts anticipate that Aehr Test Systems will post 0.03 earnings per share for the current year.

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In related news, insider Gayn Erickson sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $3.40, for a total value of $68,000.00. Following the sale, the insider now directly owns 341,063 shares of the company’s stock, valued at $1,159,614.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William W. R. Elder sold 28,168 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $3.51, for a total value of $98,869.68. Following the completion of the sale, the director now directly owns 28,744 shares in the company, valued at $100,891.44. The disclosure for this sale can be found here. Insiders sold 87,628 shares of company stock worth $297,848 over the last ninety days. 21.90% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. AWM Investment Company Inc. boosted its stake in Aehr Test Systems by 130.2% in the second quarter. AWM Investment Company Inc. now owns 1,332,890 shares of the semiconductor company’s stock valued at $4,998,000 after buying an additional 753,965 shares in the last quarter. Kennedy Capital Management Inc. raised its position in Aehr Test Systems by 217.8% in the second quarter. Kennedy Capital Management Inc. now owns 551,212 shares of the semiconductor company’s stock valued at $2,067,000 after purchasing an additional 377,758 shares during the last quarter. B. Riley Financial Inc. bought a new position in Aehr Test Systems in the second quarter valued at about $1,889,000. Vanguard Group Inc. raised its position in Aehr Test Systems by 45.3% in the second quarter. Vanguard Group Inc. now owns 493,399 shares of the semiconductor company’s stock valued at $1,851,000 after purchasing an additional 153,816 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new position in Aehr Test Systems in the third quarter valued at about $1,817,000. 25.01% of the stock is currently owned by institutional investors and hedge funds.

Aehr Test Systems Company Profile

Aehr Test Systems is engaged in the designing, manufacturing and marketing of advanced test and burn-in products to the semiconductor manufacturing industry. The Company manufactures and markets full wafer contact test systems, test during burn-in systems, test fixtures, die carriers and related accessories.

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