Aehr Test Systems (NASDAQ:AEHR) Trading Down 9.4% – What’s Next?

Aehr Test Systems (NASDAQ:AEHR)’s share price fell 9.4% during trading on Tuesday . The company traded as low as $101.00 and last traded at $102.6780. Approximately 320,021 shares were traded during trading, a decline of 86% from the average daily volume of 2,296,411 shares. The stock had previously closed at $113.33.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Craig Hallum raised Aehr Test Systems from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Wednesday, April 8th. William Blair upgraded shares of Aehr Test Systems from a “market perform” rating to an “outperform” rating in a report on Monday, March 2nd. Weiss Ratings raised shares of Aehr Test Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Wall Street Zen raised shares of Aehr Test Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. Finally, Lake Street Capital restated a “buy” rating on shares of Aehr Test Systems in a research note on Wednesday, April 8th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Aehr Test Systems presently has an average rating of “Hold” and an average price target of $68.00.

Aehr Test Systems Stock Performance

The company has a market cap of $2.98 billion, a P/E ratio of -249.58 and a beta of 3.17. The firm has a 50 day moving average price of $97.10 and a two-hundred day moving average price of $55.07.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings data on Tuesday, April 7th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $10.31 million for the quarter, compared to analysts’ expectations of $10.85 million. Aehr Test Systems had a negative return on equity of 7.15% and a negative net margin of 25.23%. On average, sell-side analysts predict that Aehr Test Systems will post -0.31 EPS for the current fiscal year.

Insider Activity at Aehr Test Systems

In other Aehr Test Systems news, Director Rhea J. Posedel sold 17,115 shares of the business’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $100.00, for a total transaction of $1,711,500.00. Following the sale, the director owned 45,261 shares of the company’s stock, valued at $4,526,100. The trade was a 27.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Alberto Salamone sold 15,000 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $89.57, for a total value of $1,343,550.00. Following the sale, the executive vice president owned 63,025 shares in the company, valued at approximately $5,645,149.25. This represents a 19.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 375,005 shares of company stock worth $28,656,178 in the last ninety days. Insiders own 6.80% of the company’s stock.

Institutional Trading of Aehr Test Systems

Institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV bought a new stake in shares of Aehr Test Systems during the first quarter valued at about $30,000. Sunbelt Securities Inc. purchased a new position in Aehr Test Systems during the third quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd bought a new stake in Aehr Test Systems during the 4th quarter worth approximately $25,000. RiverPark Advisors LLC bought a new stake in Aehr Test Systems during the 3rd quarter worth approximately $42,000. Finally, State of Wyoming purchased a new stake in Aehr Test Systems in the 2nd quarter worth approximately $28,000. 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.