Aehr Test Systems (NASDAQ:AEHR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Aehr Test Systems (NASDAQ:AEHR) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other research firms have also recently issued reports on AEHR. Lake Street Capital reissued a “buy” rating and issued a $110.00 target price on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Weiss Ratings lowered Aehr Test Systems from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, July 15th. Finally, Craig Hallum reiterated a “buy” rating and set a $125.00 price objective on shares of Aehr Test Systems in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.50.

Aehr Test Systems Stock Down 4.6%

Shares of AEHR stock opened at $77.36 on Friday. Aehr Test Systems has a 12-month low of $15.03 and a 12-month high of $126.62. The firm has a fifty day moving average of $93.56 and a 200-day moving average of $62.26. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of -322.32 and a beta of 3.17.

Insider Buying and Selling at Aehr Test Systems

In other news, Director Rhea J. Posedel sold 604 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $95.00, for a total value of $57,380.00. Following the sale, the director directly owned 396,375 shares in the company, valued at $37,655,625. The trade was a 0.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Howard T. Slayen sold 6,819 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $104.73, for a total value of $714,153.87. Following the transaction, the director owned 169,709 shares of the company’s stock, valued at approximately $17,773,623.57. The trade was a 3.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 26,538 shares of company stock valued at $2,670,034 in the last 90 days. 6.80% of the stock is currently owned by company insiders.

Institutional Trading of Aehr Test Systems

A number of institutional investors have recently made changes to their positions in AEHR. Royal Bank of Canada lifted its position in Aehr Test Systems by 262.7% during the 1st quarter. Royal Bank of Canada now owns 50,207 shares of the semiconductor company’s stock worth $365,000 after buying an additional 36,364 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Aehr Test Systems by 8.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,225 shares of the semiconductor company’s stock valued at $126,000 after acquiring an additional 1,344 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Aehr Test Systems by 7.9% in the second quarter. JPMorgan Chase & Co. now owns 15,576 shares of the semiconductor company’s stock valued at $201,000 after acquiring an additional 1,145 shares during the last quarter. Legal & General Group Plc raised its holdings in Aehr Test Systems by 110.8% during the second quarter. Legal & General Group Plc now owns 6,882 shares of the semiconductor company’s stock worth $89,000 after acquiring an additional 3,617 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Aehr Test Systems by 3.1% during the second quarter. Rhumbline Advisers now owns 41,466 shares of the semiconductor company’s stock valued at $536,000 after purchasing an additional 1,254 shares during the last quarter. 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.