Aehr Test Systems (NASDAQ:AEHR) Given Average Recommendation of “Hold” by Analysts

Shares of Aehr Test Systems (NASDAQ:AEHR) have been assigned an average rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to 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.

A number of research firms have weighed in on AEHR. Weiss Ratings restated a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday, January 21st. Craig Hallum restated a “hold” rating on shares of Aehr Test Systems in a research report on Friday, January 9th. Lake Street Capital initiated coverage on shares of Aehr Test Systems in a research note on Wednesday, December 17th. They issued a “buy” rating on the stock. Zacks Research raised shares of Aehr Test Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, William Blair raised Aehr Test Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, March 2nd.

Aehr Test Systems Price Performance

NASDAQ:AEHR opened at $44.32 on Friday. Aehr Test Systems has a 1 year low of $6.27 and a 1 year high of $46.95. The stock’s fifty day moving average price is $33.94 and its two-hundred day moving average price is $28.28. The company has a market cap of $1.36 billion, a P/E ratio of -147.73 and a beta of 2.28.

Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings data on Thursday, January 8th. The semiconductor company reported ($0.04) earnings per share (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 analysts’ expectations of $11.45 million. Aehr Test Systems had a negative return on equity of 4.57% and a negative net margin of 16.63%. On average, analysts expect that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Rhea J. Posedel sold 13,998 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $30.02, for a total transaction of $420,219.96. Following the sale, the director owned 456,979 shares in the company, valued at approximately $13,718,509.58. The trade was a 2.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Laura Oliphant sold 4,546 shares of Aehr Test Systems stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $31.40, for a total transaction of $142,744.40. Following the transaction, the director directly owned 18,432 shares of the company’s stock, valued at approximately $578,764.80. This trade represents a 19.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AEHR. Vanguard Group Inc. increased its holdings in shares of Aehr Test Systems by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock valued at $47,193,000 after acquiring an additional 49,243 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Aehr Test Systems during the third quarter valued at approximately $26,920,000. Wellington Management Group LLP raised its holdings in Aehr Test Systems by 129.9% in the 4th quarter. Wellington Management Group LLP now owns 830,664 shares of the semiconductor company’s stock worth $16,771,000 after acquiring an additional 469,400 shares during the last quarter. Geode Capital Management LLC lifted its position in Aehr Test Systems by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 685,694 shares of the semiconductor company’s stock valued at $13,846,000 after acquiring an additional 5,591 shares in the last quarter. Finally, Halter Ferguson Financial Inc. boosted its stake in Aehr Test Systems by 41.7% during the 4th quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock valued at $12,965,000 after purchasing an additional 189,117 shares during the last quarter. 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.