Aehr Test Systems (NASDAQ:AEHR) Stock Price Up 6.3% – Here’s Why

Aehr Test Systems (NASDAQ:AEHR)’s stock price rose 6.3% during trading on Monday . The stock traded as high as $38.22 and last traded at $37.86. Approximately 626,725 shares were traded during trading, a decline of 59% from the average daily volume of 1,525,525 shares. The stock had previously closed at $35.61.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. William Blair raised shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research report on Monday, March 2nd. Zacks Research raised Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Craig Hallum reiterated a “hold” rating on shares of Aehr Test Systems in a report on Friday, January 9th. Lake Street Capital initiated coverage on Aehr Test Systems in a research note on Wednesday, December 17th. They set a “buy” rating for the company. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Aehr Test Systems in a report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $21.00.

Aehr Test Systems Trading Up 8.6%

The company has a market capitalization of $1.19 billion, a PE ratio of -128.96 and a beta of 2.22. The firm’s 50-day simple moving average is $29.17 and its 200-day simple moving average is $26.60.

Aehr Test Systems (NASDAQ:AEHR) last issued its earnings results on Thursday, January 8th. The semiconductor company reported ($0.04) EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $11.45 million. As a group, analysts anticipate that Aehr Test Systems will post 0.1 EPS for the current year.

Insider Buying and Selling at Aehr Test Systems

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

Institutional Trading of Aehr Test Systems

Several institutional investors and hedge funds have recently made changes to their positions in AEHR. William Blair Investment Management LLC bought a new position in Aehr Test Systems during the 3rd quarter worth about $26,920,000. Wellington Management Group LLP raised its holdings in shares of Aehr Test Systems by 129.9% in 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 in the last quarter. Kennedy Capital Management LLC bought a new stake in shares of Aehr Test Systems in the 2nd quarter valued at about $5,751,000. Invesco Ltd. lifted its position in shares of Aehr Test Systems by 1,137.2% in the 3rd quarter. Invesco Ltd. now owns 366,570 shares of the semiconductor company’s stock worth $11,037,000 after purchasing an additional 336,940 shares during the period. Finally, Next Century Growth Investors LLC lifted its position in shares of Aehr Test Systems by 99.9% in the 4th quarter. Next Century Growth Investors LLC now owns 552,506 shares of the semiconductor company’s stock worth $11,155,000 after purchasing an additional 276,160 shares during the period. 69.69% of the stock is currently owned by institutional investors.

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.