Aehr Test Systems (NASDAQ:AEHR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Aehr Test Systems (NASDAQ:AEHR) have received an average recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $21.00.

Several equities analysts have recently weighed in on the stock. Lake Street Capital assumed coverage on shares of Aehr Test Systems in a research note on Wednesday, December 17th. They issued a “buy” rating for the company. Zacks Research upgraded Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday, January 21st. Craig Hallum reissued a “hold” rating on shares of Aehr Test Systems in a report on Friday, January 9th. Finally, William Blair upgraded Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research note on Monday.

Aehr Test Systems Stock Performance

NASDAQ:AEHR traded up $2.81 during trading hours on Monday, reaching $40.24. The stock had a trading volume of 820,792 shares, compared to its average volume of 1,408,223. The stock has a market cap of $1.23 billion, a P/E ratio of -134.17 and a beta of 2.31. The stock has a 50 day simple moving average of $27.30 and a 200 day simple moving average of $25.80. Aehr Test Systems has a 12-month low of $6.27 and a 12-month high of $44.54.

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

Insider Buying and Selling

In related news, Director Laura Oliphant sold 4,546 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $31.40, for a total transaction of $142,744.40. Following the sale, the director owned 18,432 shares of the company’s stock, valued at approximately $578,764.80. This represents a 19.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Rhea J. Posedel sold 13,998 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $30.02, for a total transaction of $420,219.96. Following the completion of the sale, the director owned 456,979 shares in the company, valued at $13,718,509.58. This represents a 2.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 6.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new stake in Aehr Test Systems during the fourth quarter valued at approximately $25,000. Sunbelt Securities Inc. purchased a new position in Aehr Test Systems in the third quarter worth $27,000. State of Wyoming purchased a new stake in Aehr Test Systems during the second quarter valued at about $28,000. Jones Financial Companies Lllp raised its position in Aehr Test Systems by 3,448.3% during the third 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 in the last quarter. Finally, RiverPark Advisors LLC bought a new stake in Aehr Test Systems during the third quarter worth about $42,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

About Aehr Test Systems

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.