Aehr Test Systems (NASDAQ:AEHR) Given Consensus Recommendation of “Hold” by Analysts

Aehr Test Systems (NASDAQ:AEHR) has been given a consensus rating of “Hold” by the five ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $68.00.

Several research analysts recently issued reports on the stock. Craig Hallum upgraded 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. Wall Street Zen upgraded shares of Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. Weiss Ratings upgraded shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. William Blair upgraded shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research report on Monday, March 2nd. Finally, Lake Street Capital reiterated a “buy” rating on shares of Aehr Test Systems in a research report on Wednesday, April 8th.

Insider Buying and Selling at Aehr Test Systems

In related news, Director Howard T. Slayen sold 25,000 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $85.00, for a total transaction of $2,125,000.00. Following the transaction, the director owned 178,328 shares in the company, valued at $15,157,880. This represents a 12.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donald P. Richmond II sold 17,011 shares of the company’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $73.18, for a total transaction of $1,244,864.98. Following the transaction, the insider owned 181,512 shares in the company, valued at approximately $13,283,048.16. This trade represents a 8.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 375,005 shares of company stock worth $28,656,178 over the last quarter. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Aehr Test Systems by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock valued at $47,193,000 after purchasing an additional 49,243 shares during the period. William Blair Investment Management LLC acquired a new position in Aehr Test Systems during the 3rd quarter valued at about $26,920,000. Wellington Management Group LLP lifted its position in Aehr Test Systems by 129.9% during the 4th quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock valued at $16,771,000 after purchasing an additional 469,400 shares during the period. Geode Capital Management LLC lifted its position in Aehr Test Systems by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 685,694 shares of the semiconductor company’s stock valued at $13,846,000 after purchasing an additional 5,591 shares during the period. Finally, Halter Ferguson Financial Inc. lifted its position in Aehr Test Systems by 41.7% during the 4th quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock valued at $12,965,000 after purchasing an additional 189,117 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Aehr Test Systems Stock Performance

Shares of NASDAQ:AEHR opened at $104.83 on Wednesday. Aehr Test Systems has a 52 week low of $10.89 and a 52 week high of $126.62. The company’s fifty day moving average is $91.55 and its 200-day moving average is $51.46. The company has a market capitalization of $3.30 billion, a PE ratio of -275.87 and a beta of 3.17.

Aehr Test Systems (NASDAQ:AEHR) last issued its earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company had revenue of $10.31 million for 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%. On average, analysts forecast that Aehr Test Systems will post -0.31 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.