Aehr Test Systems (NASDAQ:AEHR) Shares Down 7.5% – Here’s Why

Aehr Test Systems (NASDAQ:AEHR) traded down 7.5% during trading on Friday . The company traded as low as $34.66 and last traded at $34.9460. 354,184 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 1,507,860 shares. The stock had previously closed at $37.76.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AEHR. Craig Hallum reiterated a “hold” rating on shares of Aehr Test Systems in a research report on Friday, January 9th. Zacks Research raised Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. William Blair raised Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research report on Monday, March 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Aehr Test Systems in a report on Wednesday, January 21st. Finally, 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. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Aehr Test Systems currently has a consensus rating of “Hold” and a consensus target price of $21.00.

Aehr Test Systems Stock Performance

The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -113.68 and a beta of 2.22. The business has a 50-day simple moving average of $32.15 and a two-hundred day simple moving average of $27.51.

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. Aehr Test Systems had a negative net margin of 16.63% and a negative return on equity of 4.57%. The business had revenue of $9.88 million for the quarter, compared to analyst estimates of $11.45 million. On average, analysts expect that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Insider Transactions at Aehr Test Systems

In other Aehr Test Systems news, Director Rhea J. Posedel sold 13,998 shares of the business’s 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 transaction, the director owned 456,979 shares of the company’s stock, valued at $13,718,509.58. The trade was a 2.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Laura Oliphant sold 4,546 shares of the stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $31.40, for a total value of $142,744.40. Following the completion of the sale, the director directly owned 18,432 shares of the company’s stock, valued at approximately $578,764.80. The trade was a 19.78% decrease in their position. The SEC filing for this sale provides additional information. 6.80% of the stock is currently owned by insiders.

Institutional Trading of Aehr Test Systems

Large investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new position in shares of Aehr Test Systems during the 3rd quarter worth about $27,000. Jones Financial Companies Lllp lifted its position 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 during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Aehr Test Systems during the 4th quarter worth approximately $25,000. RiverPark Advisors LLC bought a new stake in Aehr Test Systems in the 3rd quarter valued at $42,000. Finally, State of Wyoming acquired a new stake in Aehr Test Systems during the 2nd quarter valued at $28,000. Institutional investors and hedge funds 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.