Aehr Test Systems (NASDAQ:AEHR) Hits New 1-Year High – What’s Next?

Aehr Test Systems (NASDAQ:AEHRGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $50.80 and last traded at $51.2880, with a volume of 2841483 shares. The stock had previously closed at $44.32.

Key Aehr Test Systems News

Here are the key news stories impacting Aehr Test Systems this week:

Analyst Ratings Changes

AEHR has been the topic of several recent research reports. Lake Street Capital initiated coverage on shares of Aehr Test Systems in a report on Wednesday, December 17th. They set a “buy” rating on the stock. Craig Hallum reiterated a “hold” rating on shares of Aehr Test Systems in a report on Friday, January 9th. William Blair upgraded shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Aehr Test Systems in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Get Our Latest Research Report on Aehr Test Systems

Aehr Test Systems Stock Performance

The company has a market capitalization of $1.54 billion, a P/E ratio of -167.49 and a beta of 2.28. The company’s fifty day simple moving average is $35.22 and its 200-day simple moving average is $28.68.

Aehr Test Systems (NASDAQ:AEHRGet Free Report) last released its quarterly earnings results on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. 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 $10.31 million for the quarter, compared to analysts’ expectations of $10.85 million. On average, sell-side analysts predict that Aehr Test Systems will post 0.1 EPS for the current year.

Insider Transactions at Aehr Test Systems

In other news, Director Laura Oliphant sold 4,546 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $31.40, for a total value of $142,744.40. Following the sale, the director directly owned 18,432 shares in the company, valued at approximately $578,764.80. This trade represents a 19.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rhea J. Posedel sold 13,998 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were 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 disclosure for this sale is available in the SEC filing. 6.80% of the stock is currently owned by company insiders.

Institutional Trading of Aehr Test Systems

A number of institutional investors have recently modified their holdings of AEHR. Caitong International Asset Management Co. Ltd bought a new stake in shares of Aehr Test Systems in the 4th quarter valued at about $25,000. Sunbelt Securities Inc. bought a new stake in shares of Aehr Test Systems in the 3rd quarter valued at about $27,000. State of Wyoming purchased a new position in shares of Aehr Test Systems in the 2nd quarter valued at approximately $28,000. Jones Financial Companies Lllp raised its position in shares of Aehr Test Systems by 3,448.3% in the 3rd 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 during the last quarter. Finally, RiverPark Advisors LLC purchased a new position in shares of Aehr Test Systems in the 3rd quarter valued at approximately $42,000. 69.69% of the stock is currently owned by institutional investors.

Aehr Test Systems Company Profile

(Get Free Report)

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.

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