Zacks Investment Research lowered shares of Aehr Test Systems (NASDAQ:AEHR) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

According to Zacks, “Aehr Test Systems develops, manufactures and sells systems which are designed to reduce the cost of testing DRAMs and other memory devices, perform reliability screening or burn-in of complex logic and memory devices, and enable IC manufacturers to perform test and burn-in of bare die. Leveraging its expertise as a long-time leading provider of burn-in equipment, with over 2,000 systems installed worldwide, the Company has developed and introduced two innovative product families, the MTX system and the DiePak-Registered Trademark- carrier. “

Separately, ValuEngine downgraded Aehr Test Systems from a hold rating to a sell rating in a research report on Friday, October 27th.

Aehr Test Systems (NASDAQ:AEHR) traded down $0.06 during trading hours on Tuesday, reaching $2.79. The company’s stock had a trading volume of 122,700 shares, compared to its average volume of 271,925. The company has a quick ratio of 2.64, a current ratio of 4.55 and a debt-to-equity ratio of 0.34. Aehr Test Systems has a twelve month low of $2.15 and a twelve month high of $6.10. The stock has a market capitalization of $59.89, a P/E ratio of -13.95, a P/E/G ratio of 4.75 and a beta of 0.84.

Aehr Test Systems (NASDAQ:AEHR) last released its earnings results on Thursday, January 4th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter. Aehr Test Systems had a return on equity of 1.36% and a net margin of 0.76%. The business had revenue of $7.92 million during the quarter, compared to the consensus estimate of $7.11 million. analysts forecast that Aehr Test Systems will post 0.03 EPS for the current year.

In other news, Director William W. R. Elder sold 28,168 shares of Aehr Test Systems stock in a transaction on Monday, November 6th. The stock was sold at an average price of $3.51, for a total value of $98,869.68. Following the completion of the transaction, the director now directly owns 28,744 shares in the company, valued at $100,891.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gayn Erickson sold 20,000 shares of Aehr Test Systems stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $3.40, for a total value of $68,000.00. Following the completion of the transaction, the insider now owns 341,063 shares of the company’s stock, valued at $1,159,614.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,268 shares of company stock valued at $264,435. 21.90% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in AEHR. Kennedy Capital Management Inc. grew its position in shares of Aehr Test Systems by 217.8% in the second quarter. Kennedy Capital Management Inc. now owns 551,212 shares of the semiconductor company’s stock valued at $2,067,000 after purchasing an additional 377,758 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Aehr Test Systems by 45.3% in the second quarter. Vanguard Group Inc. now owns 493,399 shares of the semiconductor company’s stock valued at $1,851,000 after purchasing an additional 153,816 shares in the last quarter. EAM Investors LLC grew its position in shares of Aehr Test Systems by 115.4% in the second quarter. EAM Investors LLC now owns 263,019 shares of the semiconductor company’s stock valued at $986,000 after purchasing an additional 140,910 shares in the last quarter. B. Riley Financial Inc. purchased a new position in shares of Aehr Test Systems in the second quarter valued at $1,889,000. Finally, AWM Investment Company Inc. grew its position in shares of Aehr Test Systems by 130.2% in the second quarter. AWM Investment Company Inc. now owns 1,332,890 shares of the semiconductor company’s stock valued at $4,998,000 after purchasing an additional 753,965 shares in the last quarter. Institutional investors own 27.16% of the company’s stock.

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About Aehr Test Systems

Aehr Test Systems is engaged in the designing, manufacturing and marketing of advanced test and burn-in products to the semiconductor manufacturing industry. The Company manufactures and markets full wafer contact test systems, test during burn-in systems, test fixtures, die carriers and related accessories.

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