Aehr Test Systems (NASDAQ:AEHR) Shares Down 5.1% – Should You Sell?

Aehr Test Systems (NASDAQ:AEHR)’s stock price was down 5.1% during trading on Friday . The stock traded as low as $29.08 and last traded at $29.3420. Approximately 143,092 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 1,321,910 shares. The stock had previously closed at $30.91.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday. Zacks Research raised shares of Aehr Test Systems from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Lake Street Capital began coverage on Aehr Test Systems in a report on Wednesday, December 17th. They issued a “buy” rating on the stock. Finally, Craig Hallum reaffirmed a “hold” rating on shares of Aehr Test Systems in a report on Friday, January 9th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $21.00.

Aehr Test Systems Stock Down 7.8%

The firm has a fifty day moving average of $23.47 and a 200-day moving average of $23.44. The firm has a market cap of $873.11 million, a P/E ratio of -94.80 and a beta of 2.33.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings data on Thursday, January 8th. The semiconductor company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.04. The firm had revenue of $9.88 million during the quarter, compared to analysts’ expectations of $11.45 million. Aehr Test Systems had a negative return on equity of 4.57% and a negative net margin of 16.63%. Sell-side analysts anticipate that Aehr Test Systems will post 0.1 EPS for the current year.

Insider Buying and Selling

In other Aehr Test Systems news, Director Howard T. Slayen sold 6,000 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $25.73, for a total transaction of $154,380.00. Following the completion of the sale, the director owned 218,328 shares in the company, valued at approximately $5,617,579.44. The trade was a 2.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Aehr Test Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Aehr Test Systems by 2.9% during the third quarter. Vanguard Group Inc. now owns 2,288,190 shares of the semiconductor company’s stock worth $68,897,000 after buying an additional 65,444 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of Aehr Test Systems in the 3rd quarter valued at $26,920,000. Geode Capital Management LLC raised its stake in Aehr Test Systems by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 678,546 shares of the semiconductor company’s stock worth $8,775,000 after buying an additional 8,658 shares during the period. Halter Ferguson Financial Inc. raised its stake in Aehr Test Systems by 3.0% during the 3rd quarter. Halter Ferguson Financial Inc. now owns 453,012 shares of the semiconductor company’s stock worth $13,640,000 after buying an additional 13,298 shares during the period. Finally, Kennedy Capital Management LLC bought a new position in Aehr Test Systems during the second quarter worth about $5,751,000. Institutional investors own 69.69% of the company’s stock.

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.