Aehr Test Systems (NASDAQ:AEHR) Trading Down 9.4% – What’s Next?

Shares of Aehr Test Systems (NASDAQ:AEHR) traded down 9.4% during trading on Tuesday . The company traded as low as $101.00 and last traded at $102.6780. 320,021 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 2,296,411 shares. The stock had previously closed at $113.33.

Wall Street Analyst Weigh In

AEHR has been the subject of a number of research analyst reports. Craig Hallum raised shares of Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Wednesday, April 8th. Weiss Ratings raised Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Lake Street Capital reiterated a “buy” rating on shares of Aehr Test Systems in a report on Wednesday, April 8th. Wall Street Zen upgraded Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. Finally, William Blair upgraded Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research report on Monday, March 2nd. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Aehr Test Systems presently has an average rating of “Hold” and a consensus target price of $68.00.

Aehr Test Systems Stock Performance

The company’s 50-day moving average price is $95.99 and its 200 day moving average price is $54.04. The stock has a market capitalization of $3.27 billion, a PE ratio of -273.01 and a beta of 3.18.

Aehr Test Systems (NASDAQ:AEHR) last announced its earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $10.31 million during 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%. Analysts expect that Aehr Test Systems will post -0.31 earnings per share for the current year.

Insider Activity at Aehr Test Systems

In related news, EVP Alberto Salamone sold 15,000 shares of the business’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $89.57, for a total value of $1,343,550.00. Following the sale, the executive vice president owned 63,025 shares in the company, valued at approximately $5,645,149.25. The trade was a 19.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rhea J. Posedel sold 30,000 shares of the business’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $70.00, for a total transaction of $2,100,000.00. Following the transaction, the director owned 426,979 shares in the company, valued at $29,888,530. This trade represents a 6.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 375,005 shares of company stock valued at $28,656,178 in the last ninety days. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Aehr Test Systems

A number of hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Aehr Test Systems during the 4th quarter valued at $25,000. Sunbelt Securities Inc. purchased a new stake in Aehr Test Systems in the 3rd quarter worth approximately $27,000. State of Wyoming acquired a new stake in shares of Aehr Test Systems during the 2nd quarter worth approximately $28,000. KBC Group NV purchased a new position in shares of Aehr Test Systems during the 1st quarter valued at approximately $30,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Aehr Test Systems by 3,448.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors 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.