Aehr Test Systems (NASDAQ:AEHR) Stock Price Down 5.1% – Here’s What Happened

Aehr Test Systems (NASDAQ:AEHR) fell 5.1% during trading on Friday . The company traded as low as $29.08 and last traded at $29.3420. 143,092 shares were traded during trading, a decline of 89% from the average session volume of 1,321,910 shares. The stock had previously closed at $30.91.

Analyst Upgrades and Downgrades

AEHR has been the subject of several research analyst reports. Zacks Research upgraded Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Lake Street Capital assumed coverage on shares of Aehr Test Systems in a report on Wednesday, December 17th. They issued a “buy” rating for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday. Finally, Craig Hallum reaffirmed a “hold” rating on shares of Aehr Test Systems in a research report on Friday, January 9th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $21.00.

Aehr Test Systems Trading Down 7.8%

The company has a market capitalization of $873.11 million, a P/E ratio of -94.80 and a beta of 2.33. The firm’s 50 day moving average price is $23.47 and its two-hundred day moving average price is $23.44.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings data on Thursday, January 8th. The semiconductor company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04. The business had revenue of $9.88 million for the quarter, compared to analyst estimates of $11.45 million. Aehr Test Systems had a negative net margin of 16.63% and a negative return on equity of 4.57%. Analysts anticipate that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Insider Activity at Aehr Test Systems

In other news, Director Howard T. Slayen sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $25.73, for a total value of $154,380.00. Following the completion of the transaction, the director owned 218,328 shares in the company, valued at $5,617,579.44. This trade represents a 2.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Aehr Test Systems

Several institutional investors and hedge funds have recently bought and sold shares of AEHR. State of Wyoming grew its stake in Aehr Test Systems by 26.7% in the third quarter. State of Wyoming now owns 2,777 shares of the semiconductor company’s stock valued at $84,000 after purchasing an additional 586 shares in the last quarter. CWM LLC boosted its holdings in shares of Aehr Test Systems by 15.1% in the 2nd quarter. CWM LLC now owns 6,062 shares of the semiconductor company’s stock valued at $78,000 after buying an additional 793 shares during the last quarter. Sunbelt Securities Inc. bought a new position in shares of Aehr Test Systems in the third quarter valued at $27,000. Jones Financial Companies Lllp grew its stake in shares of Aehr Test Systems by 3,448.3% in the third quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 1,000 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Aehr Test Systems by 7.9% during the second quarter. JPMorgan Chase & Co. now owns 15,576 shares of the semiconductor company’s stock worth $201,000 after buying an additional 1,145 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.