Aehr Test Systems (NASDAQ:AEHR) Given Average Rating of “Hold” by Brokerages

Aehr Test Systems (NASDAQ:AEHR) has earned an average rating of “Hold” from the five brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $21.00.

A number of research firms recently weighed in on AEHR. Lake Street Capital began coverage on shares of Aehr Test Systems in a report on Wednesday, December 17th. They issued a “buy” rating on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Aehr Test Systems in a report on Wednesday, January 21st. Zacks Research upgraded Aehr Test Systems from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Craig Hallum reaffirmed a “hold” rating on shares of Aehr Test Systems in a research report on Friday, January 9th. Finally, William Blair raised Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research report on Monday.

Insider Activity

In other news, Director Laura Oliphant sold 4,546 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $31.40, for a total value of $142,744.40. Following the transaction, the director owned 18,432 shares in the company, valued at $578,764.80. The trade was a 19.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rhea J. Posedel sold 13,998 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $30.02, for a total value of $420,219.96. Following the completion of the transaction, the director directly owned 456,979 shares of the company’s stock, valued at approximately $13,718,509.58. This represents a 2.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its position in shares of Aehr Test Systems by 262.7% during the 1st quarter. Royal Bank of Canada now owns 50,207 shares of the semiconductor company’s stock valued at $365,000 after purchasing an additional 36,364 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Aehr Test Systems by 8.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,225 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 1,344 shares during the period. CWM LLC grew its position in Aehr Test Systems by 15.1% during the second quarter. CWM LLC now owns 6,062 shares of the semiconductor company’s stock valued at $78,000 after buying an additional 793 shares during the period. AlphaQuest LLC increased its holdings in Aehr Test Systems by 697.6% during the second quarter. AlphaQuest LLC now owns 20,156 shares of the semiconductor company’s stock worth $261,000 after buying an additional 17,629 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Aehr Test Systems by 1.3% in the second quarter. Geode Capital Management LLC now owns 678,546 shares of the semiconductor company’s stock worth $8,775,000 after acquiring an additional 8,658 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Trading Up 7.5%

Shares of AEHR traded up $2.81 during trading hours on Monday, reaching $40.24. The stock had a trading volume of 820,792 shares, compared to its average volume of 1,408,223. The firm has a 50-day simple moving average of $27.30 and a 200 day simple moving average of $25.80. Aehr Test Systems has a 12 month low of $6.27 and a 12 month high of $44.54. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -134.17 and a beta of 2.31.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings results on Thursday, January 8th. The semiconductor company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. Aehr Test Systems had a negative net margin of 16.63% and a negative return on equity of 4.57%. The business had revenue of $9.88 million during the quarter, compared to analyst estimates of $11.45 million. On average, equities analysts forecast that Aehr Test Systems will post 0.1 EPS for the current year.

About Aehr Test Systems

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.