Aehr Test Systems (NASDAQ:AEHR) Trading Down 9.1% – What’s Next?

Aehr Test Systems (NASDAQ:AEHR) shares traded down 9.1% during mid-day trading on Tuesday . The company traded as low as $132.71 and last traded at $132.3720. Approximately 520,330 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 2,424,321 shares. The stock had previously closed at $145.61.

Analyst Ratings Changes

AEHR has been the topic of a number of recent research reports. Wall Street Zen raised Aehr Test Systems from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Craig Hallum reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Freedom Capital upgraded shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Zacks Research upgraded shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Finally, Jefferies Financial Group started coverage on shares of Aehr Test Systems in a report on Thursday. They set a “buy” rating and a $175.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $136.67.

Aehr Test Systems Stock Down 15.2%

The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of -519.12 and a beta of 3.10. The stock has a 50 day moving average of $93.83 and a 200 day moving average of $72.59.

Insider Buying and Selling

In related news, Director Howard T. Slayen sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $108.30, for a total transaction of $2,166,000.00. Following the sale, the director owned 146,367 shares in the company, valued at $15,851,546.10. This represents a 12.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Adil Engineer sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $131.02, for a total value of $1,965,300.00. Following the sale, the chief operating officer directly owned 46,977 shares of the company’s stock, valued at $6,154,926.54. This represents a 24.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 109,475 shares of company stock worth $13,827,160 over the last three months. Insiders own 6.80% of the company’s stock.

Institutional Trading of Aehr Test Systems

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Aehr Test Systems by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock worth $47,193,000 after acquiring an additional 49,243 shares in the last quarter. Halter Ferguson Financial Inc. grew its stake in shares of Aehr Test Systems by 41.7% in the 4th quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock valued at $12,965,000 after buying an additional 189,117 shares during the period. State of Alaska Department of Revenue bought a new stake in Aehr Test Systems in the 4th quarter valued at about $377,000. UBS Group AG increased its position in Aehr Test Systems by 55.7% in the 4th quarter. UBS Group AG now owns 243,129 shares of the semiconductor company’s stock valued at $4,909,000 after buying an additional 87,014 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in Aehr Test Systems during the 1st quarter worth approximately $291,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Aehr Test Systems Company Profile

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.